Why the RBA is predicted to deliver a third straight interest rate hike this week

The Guardian World ·

Why the RBA is predicted to deliver a third straight interest rate hike this week

One economist is calling it the “Hormuz hike”. There’s a nearly 80% chance that the Reserve Bank will deliver a third straight interest rate rise on Tuesday, according to financial markets. …

One economist is calling it the “Hormuz hike”. There’s a nearly 80% chance that the Reserve Bank will deliver a third straight interest rate rise on Tuesday, according to financial markets. Higher interest rates are always unwelcome for the roughly 3.6m households paying down a mortgage. But a rate rise this week would be particularly galling. …

Original source: The Guardian World