Opinion

Expect the RBA to go easy on interest rate hikes from now on - we can't afford rates to climb as steeply as the market expects

By Peter Martin
June 7 2022 - 7:30pm
Interest rates are on the rise again, with the RBA announcing a 50-basis-point hike to 0.85 per cent on Tuesday. Picture: AAP

By lifting its cash rate 50 basis points from 0.35 per cent to 0.85 per cent, the Reserve Bank has added about another $120 per month in payments for a $500,000 mortgage.

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