Tag: Worst
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Economists warn worst is but to return after June rates of interest rise
Australians are being warned to anticipate extra rate of interest hikes this yr, after the Reserve Financial institution introduced its newest hike on Tuesday, citing inflation fears. The newest 0.25 share level hike takes the money charge goal to a decade excessive of 4.1 per cent – up 4 share factors since Might 2022. One…
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Worst mortgage stress since GFC as Reserve Financial institution board ponders charges hike
One other 30,000 Australians might be thrown into threat of mortgage stress if the Reserve Financial institution raises rates of interest on Tuesday, based on estimates from Roy Morgan, which is monitoring the most important rise in mortgage pressure since 2009. About 1.3 million Australians are actually thought-about “in danger” of mortgage stress, up 10.2…