Analysis: Yes, your mortgage payments are higher, but relief may be in sight | jcollett_money
Economists expect the Reserve Bank of Australia to keep increasing interest rates until they hit 2.5 per cent to 3.5 per cent, depending on who you ask – significantly above the cash rate’s current level of 1.85 per cent.
The release of slower-than-expected growth in US inflation, together with falling oil prices – a major driver in the direction of inflation – means our rates could peak towards the lower end of the range of forecasts.The high levels of debt held by Australian households suggests rate increases are particularly effective in taking the heat out of the economy, and to eventually curb inflation.
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