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The New Daily
The New Daily
Matthew Elmas

‘Difficult to understand’: Mortgage bills to rise again as RBA hikes interest rates in June

RBA Philip Lowe Reserve Bank Inflation Interest Rates Jim Chalmers Australia Roy Morgan
RBA boss Philip Lowe says another rate hike is needed to quell inflation. Photo: AAP

Australian households will be forced to endure a 12th hike in interest rates after the Reserve Bank moved to push up mortgage bills in June.

The cash rate target will rise from 3.85 per cent to 4.1 per cent, RBA governor Philip Lowe said, amid fears inflation will prove too stubborn.

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