Interest rates kept on hold despite inflation worries
Mortgage holders can breathe a sigh of relief following the Reserve Bank's decision to leave interest rates on hold at 4.35 per cent, as widely expected.
Mortgage holders can breathe a sigh of relief following the Reserve Bank's decision to leave interest rates on hold at 4.35 per cent, as widely expected.
Consumer prices are not moderating as fast as the Reserve Bank would like although there's still a high bar for more interest rate hikes.
Up go the interest rates again and down comes the disposable income. Cartoonist PAUL DORIN shares the pain.
Another interest rate hike will push up mortgage repayments, erode borrowing power and keep a lid on festive season spending.