Much of the mortgage pain driven by interest rate hikes has yet to be felt by households, with about half of the impact still set to flow through to families with fixed-rate loans, the RBA says.
In a speech on Monday, RBA assistant governor Christopher Kent said only 45 per cent of the central bank’s rate squeeze had been passed through to households in 2022, with about 1.5 percentage points in higher repayments set to hit households over the rest of 2023 and 2024.
