Reserve Bank replaces puppy love with harsh reality of a world heading into high interest rates over the next 2 years
The Reserve Bank of Australia (RBA) gave borrowers a break from increased rates at the past two meetings this year, but forces of persistent inflation and high government debt have resulted in a 0.25% increase to take the base rate to 4.60%, at the September meeting today, the highest level in the past 15 years. […]