Mortgage holders aren’t alone in paying for rate hikes. Here’s how the RBA spreads the pain
A fifth interest rate hike by the Reserve Bank of Australia next week is now seen as likely by financial markets. Whether the rate rise happens then, or at a future meeting, most of the media focus will be on the higher cost of mortgages. But that’s just one of the ways higher rates dampen demand across the economy and help bring down inflation. Let’s look at some of those other avenues. Why is the RBA raising rates? Inflation has been stubbornly above the RBA’s target range of 2-3% for most of…
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sydney: -33.870, 151.210
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