Why Fixed Rates Have Been Rising, and are Likely to Keep Rising
Australia’s official interest rate has jumped to 0.35 per cent in its first rise in nearly 12 years after sitting at the historic low of 0.1 per cent for the past 18 months.
RBA governor Philip Lowe said now was the right time to begin withdrawing extraordinary monetary support put in place to help the economy during the pandemic, and signalled further lifts to interest … Read the full post »