Tag: Rate Hike

New research from Roy Morgan shows 31% mortgage holders were ‘At Risk’ of ‘mortgage stress’ in the three months to January 2024.

RBA opted to raise the cash rate target by 25 basis points to 4.35%, alongside a similar 25 basis point increase in the interest rate paid on Exchange Settlement balances to 4.25%.

New research from Roy Morgan shows an estimated 1.43 million (28.7%) mortgage holders were ‘At Risk’ of ‘mortgage stress’ in the three months to June 2023.

Business and sales expectations have again fallen on the back of interest rate rise fears, according to new Dun & Bradstreet figures, which also revealed Australia’s employment outlook has slipped to an index of -5.

The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.75 percent during its meeting in Sydney today; citing slow growth of the global economy and continued economic volatility in Europe and the US as drivers behind its decision.