This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China's Jiangsu province. BEIJING -- China's one-year loan prime rate, a market-based benchmark lending rate, came in at 3.45 percent Thursday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of …
Labor has seized on the Reserve Bank's decision to hike interest rates higher than many had predicted, labelling it a "tough day" for millions of Australians now facing an increase to their monthly mortgage payments. Key points: The Prime Minister says households are prepared for the interest rate hike The Opposition says the government is failing to respond to a …
