Three major banks now predict another RBA rate hike after inflation stays hot
Three of Australia's four major banks have reversed their earlier calls, now predicting the RBA will raise interest rates in September or November after inflation data disappointed.
Why it mattersA rate hike would push mortgage payments higher for millions of Australians already struggling with inflation and elevated borrowing costs, further pressuring household budgets.
AustraliaAustralian households facing high mortgage stress would see payments rise again if the RBA hikes rates, deepening financial pressure on families already dealing with inflation and falling home prices.
Corroborated byperthnow.com.au
✓ Claims checked against the source. checked 1 h ago
Free. Sign in once, be genuinely informed in five minutes a day.
Tomorrow's edition, every morning.
Get the free app, read the whole feed
InSnip turns the day's news into short, source-backed snippets with a plain why it matters line. The signal, not the scroll.