will decide the nation's cash rate target at 2:30pm tomorrow, where it is widely expected to lift rates by 50 basis points.
The market is anticipating that the RBA will continue hiking interest rates until they hit 3 per cent, or until inflation is tamed – whichever comes first.Property prices are plummeting as borrowers are forced to fork out more on their monthly repayments. "Finding an extra $500 a month to cover the mortgage will be a struggle for many families who are already juggling rising grocery and petrol costs.
Source: Loan Digest (loandigest.net)
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