Good evening, it's Tuesday, April 5. Here's what you need to get caught up on today's news.
One thing to know: Reserve Bank holds interest rates for now
- The Reserve Bank has left the official cash rate on hold near zero, but borrowers are already bracing for what life may look like with higher mortgage interest rates
- The Reserve Bank's benchmark interest rate has been at 0.1 per cent since November 2020 and has not risen since November 2010 when it reached 4.75 per cent
- However, most analysts expect an interest rate rise by August, with some expecting the first rate increase in June, and a few even suggesting it could happen next month
