RBA deputy warns rates could rise as inflation angers Australians

RBA deputy governor Andrew Hauser says Australians are furious about inflation and the central bank is ready to raise rates again.

Why it mattersHigher interest rates will raise borrowing costs for mortgages and loans. Many Australians struggle with rising living costs, which concerns the RBA as it fights inflation.

AustraliaAustralian mortgage holders and businesses face the real chance of steeper interest rates in coming months, adding to pressures on household budgets and investment.

Corroborated bythenightly.com.au

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RBA set to raise rates to 15-year high in late September

Major banks forecast the RBA will hike rates on 28-29 September, pushing the cash rate to 15-year highs.

Why it mattersHigher interest rates mean bigger mortgage payments for millions of Australians, and inflation staying elevated signals more pain ahead.