There are mounting calls for Reserve Bank Governor Philip Lowe to resign after he hiked interest rates for the fifth time, just months after he wrongly told the country he wouldn't hike the cash rate until 2024. Dr Lowe's latest 50 basis point jump in the cash rate takes it to a seven-year high of 2.35 per cent, up from …
Borrowers are copping the steepest increases since 1994 with inflation expected to reach a new 32-year high Australian home borrowers have copped a fifth straight monthly interest rate rise with the Reserve Bank imposing another 0.5 percentage point increase on mortgage-holders. A 50 basis point increase in the cash rate takes it to seven-year high of 2.35 per cent, up …
