Mortgage holders are likely to be hit with another lift in their monthly repayments if Australia’s Reserve Bank delivers its 10th likely interest rate hike in a row this week, as is widely expected.
The nation’s central bank is tipped to deliver another 25 basis point rise after communications following the February decision struck a hawkish tone and suggested the bank was growing impatient with high inflation.
This would take the cash rate from 3.35 per cent to 3.6 per cent when the board meets on Tuesday.
The final resting place for this round of policy tightening remains highly contested, with the market pricing in a peak in the low fours while some economists anticipate another one or two more increases….