RBA inflation-busting rate rises to cost $1000 a month extra on a mortgage | swrighteconomy
The cost to home buyers of the Reserve Bank’s battle against inflation is poised to hit more than $1000 a month, with the institution ready to lift official interest rates even as Prime Minister Anthony Albanese urges it to consider the impact on ordinary workers.
“I’m sure that’s something that they do bear in mind, the impact on people of decisions that are made. That is something that people in authority, whether it be an independent authority like the RBA, or people in government have to do,” he told ABC Radio.
help people through the shorter term challenges and also to deal with the issues in supply chains to deal with cost of living where we can and build an economy that grows wages and improved living standards over time,” he said. Car sales through August reached 95,256, a 17.3 per cent lift on the same month last year. It was the best August sales period since 2017.
Data collated by PriceMyCar shows vehicle purchases are strong despite large increases in their sticker prices. This week’s national accounts are expected to show the economy continuing to grow through the June quarter.
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