"RBA's Expected Rate Hike: Impact on Australia's Economy and Mortgage Payments"
TL;DR Summary
The Reserve Bank of Australia is expected to raise its cash rate by 25 basis points, but there are some analysts who believe it could be a close call. Factors supporting a hold include past complacency by the RBA, the recent inflation increase not being significant enough, and the delayed impact of previous rate hikes on the real economy. However, the majority of analysts predict a rate hike due to the strong Q3 CPI print and the RBA's goal of bringing inflation under control. The RBA's decision will be announced later today.
Topics:world#finance#inflation#interest-rate-hike#market-expectations#monetary-policy#reserve-bank-of-australia
- Reserve Bank of Australia expected to hike its cash rate by 25bp today, but 'a close call' ForexLive
- Australia's Central Bank Raises Key Interest Rate to 4.35% as Expected Bloomberg Television
- RBA raises interest rate by 25 bps to 4.35%, as expected FXStreet
- We know rate hikes lead to higher mortgage payments – but they affect Australia’s economy in myriad other ways The Guardian
- Why there could be another interest rate rise this month | 7.30 ABC News In-depth
- View Full Coverage on Google News
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