The local share market may fall at the open, despite mostly positive overseas sessions. The Reserve Bank of Australia is expected to hike rates again this afternoon. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
By Stephanie Chalmerstook a look at how another rate rise will impact those with home loans.
If the cash rate increased to 3.6 per cent, another $77 would be added to monthly repayments on a $500,000 loanSomeone with a loan that size is paying an extra $983 a month since the first rate rise in May 2022For example, Melbourne's Tran family is paying an extra $113 a week on their home loan, and they have to find that somewhere.
The family is watching what they spend on groceries, has cut back on visits to the family doctor and physiotherapy sessions for their daughter. "We don't spend too much money on things that are not the basic expenses," school teacher Le Tran said.You can read more of that story here:
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