RBA's dry commentary makes for juicy interest rate prediction
The November interest rate hike is unlikely to be the last, with the Reserve Bank of Australia making some pretty bold statements that make for unpleasant reading for borrowers.
Australians are spending their way to another interest rate hike. (Image source: Shutterstock.com)
The Reserve Bank of Australia’s monthly Statement on Monetary Policy may make for a dry title but its speculation on where interest rates are heading is indeed juicy.
Borrowers who have had to dig up an extra $1,345 per month to service the average $598,000 mortgage should be drawing up their budgetary battle plans to contend with at least one more interest rate hike.
The big banks have actually moved beyond the RBA’s pace of rate hikes
and was…
