Australian homeowners are being warned more mortgage pain is to come, as experts predict as many as four interest rate hikes in coming months. 7NEWS
While inflation is expected to eventually decline this year, RateCity predicts borrowers will “almost certainly” face another cash rate hike in February, which would make it the ninth rise in as many meetings.
“At some point in time, it’s got to slow the economy down and in our calculations, consumer spending is already starting to slow down.”
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