After another interest rate hike yesterday, the stock market and economy are digesting the news. Follow the day's financial news and insights from our specialist business reporters on our live blog.
The local share market is set to rebound from yesterday's 0.5 per cent fall as it works through the consequences of the Reserve Bank again lifting the nation's key cash rate.
Mortgages and home loans will increase in cost, as the central bank tries to take the heat out of the economy. That's because inflation is running hot at 7.8 per cent. Non-discretionary inflation, what I call the 'unavoidables' of housing, food and fuel, is up an astonishing 8.4 per cent for the 12-months to December.
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