Borrowers brace for interest rate hike - ABC News & Headlines – Australian Broadcasting Corporation
Direct Source Verification:
This story is aggregated from ABC News Australia (abc.net.au). Full reporting rights and copyright belong to the primary publisher.
It's an anxious wait for borrowers tonight, with Australia's central bank poised to raise interest rates again tomorrow amid stubbornly high inflation.
It's an anxious wait for borrowers tonight, with Australia's central bank poised to raise interest rates again tomorrow amid stubbornly high inflation.
It would be the fifth interest rate rise this year.
Meanwhile, new data shows house prices are on track to drop faster than they have in more than 40 years, wiping off about $63,000 for the average home.
It's an anxious wait for borrowers tonight, with Australia's central bank poised to raise interest rates again tomorrow amid stubbornly high inflation.(ABC News: John Gunn)
Original Source
https://www.abc.net.au/listen/programs/pm/borrowers-brace-for-interest-rate-hike-/107338318
