The Latest Breaking News from Reserve Bank

Mortgage rates to rise sooner as inflation surge derails RBA plans: Economists

Australians may face higher mortgage rates sooner than expected as economists warn soaring prices for essentials put the Reserve Bank under pressure. %

The New Daily · Jan 25, 2022

Inflation hits 3.5%, but one high number won't budge the Reserve Bank on interest rates

Australia’s Consumer Price Index rose 1.3% in the three months to December, bringing inflation for the full 2021 year to 3.5%.

The Conversation · Jan 25, 2022

Westpac forecasts RBA rate rise by August, mortgage borrowers to face $103 monthly hit

Westpac is now expecting the Reserve Bank to start raising official interest rates as early as August, with a peak cash rate that could increase typical mortgage repayments by more than $400 a month.

ABC News · Jan 20, 2022