Banks signal rate rise as ASX falls sharply
Three of Australia's biggest banks now forecast another interest rate rise, possibly within the next month.
Why it mattersRate rises increase the cost of home loans and other borrowing. This forecast signals more pain ahead for millions of Australian households already dealing with higher living costs.
AustraliaIf banks' predictions prove correct, mortgage holders and anyone with variable-rate debt will face higher repayments within weeks.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
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