We're being squeezed by the US, and even the most pessimistic forecasts for Australian home owners could be surpassed

"The board expects to increase interest rates further over the months ahead, but it is not on a pre-set path," RBA governor Philip Lowe noted after the September interest rate decision.

"As regards Australia, continued aggressive Fed rate hike suggest the RBA will remain under pressure to follow suit." However, if the Reserve Bank doesn't match the Federal Reserve in terms of interest rate increases, it risks a lower Australian dollar generating significant imported inflation.“The main argument for following the [Federal Reserve] is that if the RBA doesn’t the Australian dollar might crash,” AMP’s chief economist Shane Oliver says.

But, he says, Australia risks a "severe recession" if the Reserve Bank raises interest rates higher than it would otherwise consider in an attempt to keep pace with US monetary policy.Westpac mortgage borrowers, for example, will be paying an extra $1,362 each month on a $750,000 loan if the cash rate hits 3.35 per cent.That cost will grow significantly if the RBA is forced to follow the Federal Reserve higher, potentially by thousands of extra dollars.

'We're being squeezed by the US' but we've been told that its all Covid/Chinese aggression and war in Ukraine/Russia weaponising energy

ABC should put the 'analysis' disclaimer on every single story they run. It's no longer a News organization, it's a propaganda machine. Pure editorial, no news.

What's the connection between interest rates and rents? Zero. Poor analysis David.

Buy local, buy Australian is the message

Back to the alarmist news cycle.

How did this Anglo get the job over a non-Anglo?

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