Huge interest rate increase expected in June

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Minutes from the Reserve Bank of Australia's May meeting reveal borrowers narrowly avoided a larger rate rise this month and should expect a huge increase in June.

The RBA increased the cash rate by 25 basis points during its May 3 meeting but deliberated higher options.

The minutes show a rise of 40 basis points was seriously considered, fuelling speculation it will happen at the next monthly meeting.
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Комментарии
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We can literally see and hear the huge recession coming along.

KN-koez
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The interest rate when I took on my first mortgage was 17%. Don't over borrow.

BigGen
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Yes we knew it & expected it to happen years ago. You'll own nothing & Klaus Schwab will be very happy

imantifeminism
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The RBA should have started raising rates gradually 6 Months ago. As usual they were asleep at the wheel so now quick and panful rises will hit everyone hard. Take a bow Philip Lowe, your a legend.

braxxian
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Wife and I are very happy to have now paid out our house mortgage

wayneyoung
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Not exactly a huge rise considering the kinds of rate rises we had in the 70s and 80s. Just get on with it.

craptacular
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Cash is king now. 3-4%TDs now available and rising. Equity's shaky as hell and housing bubble deflating. Mega debt cycle about to come home to roost. Crypto

mickzed