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The New Daily
The New Daily
Business
Matthew Elmas

RBA raises rates for a record fifth month, but many are yet to feel mortgage pain

RBA Philip Lowe Canstar Inflation Interest Rates Sean Langcake
RBA governor Philip Lowe warns Australians to expect further rate rises. Photo: TND

Households face another hike in their mortgage bills after the Reserve Bank increased interest rates on Tuesday for a record fifth month in a bid to curb inflation.

Many home owners are still not feeling financial pain, according to Canstar survey data published on Tuesday, which found up to 44 per cent of people were yet to feel the full force of the hikes.

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