About this episode
The episode discusses the implications of the Reserve Bank's rate hike and its effects on inflation and mortgage holders.
Another rate hike is here, with the Reserve Bank lifting the cash rate to 4.35 per cent and wiping away the policy easing delivered last year. The RBA says fuel-driven inflation linked to the Middle East conflict is adding to price pressures across the economy, and that inflation is now likely to stay above target for longer. So what does that mean for mortgage holders, inflation, and the path ahead? Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily. Got a burning business question? Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au
People in this episode
Host: Carrington Clarke
Guest: Michael Janda
Topics covered
- interest rates
- inflation
- mortgages
- economic policy
- Middle East conflict
Keywords
- rate rise
- cash rate
- inflation
- mortgage holders
- economic pressures
Mentioned in this episode
Organizations: Reserve Bank
Places: Middle East
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