Business
The RBA will hike sooner than you think: Here’s why – Yahoo Finance Australia
The growing issue now is when the tightening cycle will start and then, how many rate hikes will be needed as the RBA manages its inflation target.
Here’s why the RBA might hike rates soon. Source: Getty
The last time the Reserve Bank of Australia increased official interest rates was way back in November 2010.
This means that anyone who has taken out a mortgage over the past decade has never been confronted with an email or letter from the bank telling them that their monthly repayments will be increased.
It has been a fabulous time to have a mortgage, made even better by the fact that over that time house price growth has been strong and…
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