Some economists are tipping the RBA will today decide to lift interest rates again as new data shows the number of Aussies falling behind on their mortgages is at a two-year high. 9News
again as new data shows the number of Aussies falling behind on their mortgages is at a two-year high.
The RBA paused interest rate rises in April but restarted the relentless hikes in its shock May decision to raise the cash rate by 25 basis points to 3.85 per cent.More Australian mortgage borrowers are falling behind on their repayments, new data showed. But Oster also warned further interest rates may be needed in coming months to tackle stubbornly high inflation, meaning more short-term pain for the Australian economy.
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