The Reserve Bank’s 13th interest rate rise is tightening the squeeze. But a pre-Christmas shock looks unlikely | Peter Hannam
by Peter Hannam Economics correspondent from on (#6G696)
RBA governor Michele Bullock's debut rate rise as governor looks unlikely to be repeated next month
Had the Reserve Bank left its cash rate unchanged on Tuesday, a few pundits would have declared Without a Fight" had won twice within about half an hour.
Instead, a 13th interest rate rise by the Reserve Bank will certainly tighten the squeeze for the half of the mortgagors already nearing the financial stress zone.
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