Advertisement
Economist reacts to RBA’s decision to raise cash rate by 0.5%
05/07/2022
Mortgage holders will be forced to tighten their purse strings even further after a third consecutive rate hike was announced.
The Reserve Bank has raised the official cash rate by half a per cent to 1.35 per cent.
It’ll add more than $200 to monthly mortgage repayments on an $800,000 loan.
Press PLAY to hear Shane Oliver’s reaction