Sky News Reporter Kenny Heatley says the Reserve Bank is “not too worried’ about rising interest rates as home owners appear ahead on mortgage repayments.
“They’re saying households can absorb higher interest rates because they’re saying significant buffers are built up by households in the former savings and equity,” he said.
The ANZ bank is forecasting rates will rise by half-a-per-cent every month until Christmas – bringing the cash rate to 3.35 per cent by the end of the year.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Recent home buyers most vulnerable to rate rises: RBAMichele Bullock says Australians are well-placed to manage rising interest rates, but warned cost of living and falling real wages posed a risk to households carrying a lot of debt.
Read more »
RBA says households can handle interest rate rises, but experts warn mortgage repayments will surgeAs the Reserve Bank prepares to keep lifting interest rates and says households can cope with rising repayments, analysts warn both it and mortgage borrowers could be in for a rude shock.
Read more »
Household energy bills about to get much worse: RBAHouseholds need to brace for electricity and gas prices to rise sharply as domestic inflation continues to build, according to the Reserve Bank.
Read more »
RBA culture, board and inflation target to be review focusTreasurer Jim Chalmers will on Wednesday announce the terms of reference for the RBA review, with the board, the inflation target and its performance all in the spotlight. auspol
Read more »
Bank of Canada boffin brings overseas ‘credibility’ to RBA reviewFormer deputy governor Carolyn Wilkins has plenty of experience reviewing monetary policy, and in particular inflation targeting.
Read more »
Cashed up and employed: RBA says households can withstand higher ratesReserve Bank deputy governor Michele Bullock says households enjoying a strong jobs market can use COVID-era savings to manage a lift in interest rates.
Read more »