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Beware the inflation monster: Time to lock in your mortgage rate? – Sydney Morning Herald
Financial markets are betting interest rates will rise in one or two years. However, money markets indicate the rate cycle could turn before Christmas.
We also have labour shortages some workers are not available to work because they appear happy on JobSeeker payments. Others because they cannot get into Australia because of border closures. Material shortages are also prevalent due to transport delays.
The bottom line is that if inflation is looming large this eventually means that interest rates will have to rise.
Now I know that Reserve Bank of Australia governor Philip Lowe has told us that there will be no official rate rises until at least…
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