Get notifications in real-time for staying up to date with content that matters to you.
Borrowers were close to being hit with another interest rate hike this month, according to the minutes of the RBA May monetary policy meeting released today.
The minutes show that the RBA Board spent “considerable time” determining whether to raise interest rates above 7.25 per cent or not.
Board members noted “powerful opposing forces” affecting the economy: further evidence of slowing demand yet inflation continuing to be uncomfortably high.
The Board did decide to allow the current rate of monetary policy “more time to work” however it warned that if demand did not slow as expected, or high inflation began to affect wages and prices, the stance of policy “would need to be reviewed”.
Published: 20-05-08
The non-major bank has teamed up with a credit reporting firm to ...
At-risk women living in SA will be given access to free financial...
Napoleon Finance broker and director Sam Carello has revealed his...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
