Another factor still making another interest hike likely today is the fact mortgage stress - as opposed to inflationary pressures - is still relatively in check, says CoreLogic research director Tim Lawless.
Lawless agreed that interest rates had increasing at a pace unseen in recent memory, but the RBA and its governor Philip Lowe had a sensible goal in mind. “In this context, as well as the global environment of rapidly rising interest rates, it’s not surprising to see the cash rate rising this quickly.
On Friday, the Commonwealth Bank cut its three-year fixed rates from 6.39 per cent to 5.99 per cent while raising its one-year fixed rates and four-year fixed rates from 4.99 per cent to 5.39 per cent and 5.49 per cent respectively.
Source: Loan Digest (loandigest.net)
Raise as HIGH as it CAN
The HIGHER the better
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