RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Reserve Bank Governor Philip Lowe.Lukas Coch/AAPAustralia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.
Ahead of Tuesday’s statement from the Reserve...
