The Flinns

Reserve Bank Raises Rates Again

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    HI PIA'ers

     

    The Reserve Bank of Australia has raised interest rates for the sixth time in seven months amid rising inflation and surging house prices.

    The 25 basis point rise in rates takes the official cash rate to 4.5 percent and will add around $45 to the monthly repayment on a $300,000 mortgage.

     

    Since the RBA began its current cycle of rate hikes in October last year, monthly repayments have gone up by around $250.

     

    Kind Regards,

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    Guest ethanwhite

    Well this is pretty informative thread regarding the interest rate. The thread is very well written and easy to understand. I do agree with you regarding that there is continuous raise in rate for that there are some reason behind raising the rate of interest. If you think from government point of view then I am sure that you will agree regarding the rise in interest rate.

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