RBA Governor Philip Lowe is hiking interest rates. Worst case, it'll mean an extra $600 per month on a $500,000 mortgage
- Written by Isaac Gross, Lecturer in Economics, Monash University
Reserve Bank Governor Philip Lowe has announced he will lift the cash rate for the first time in a decade, by 0.25 percentage points, taking it from 0.10% to 0.35%.
Most market economists thought the bank would raise rates, but they were divided as to whether the bank would start small by lifting rates from 0.10% to 0.25%, or jump all the way to...
