Scope 2022 survey: RBA to gradually increase rates to avoid mortgage shock
An increase in household debt through the COVID-19 recession will weigh heavily on any decision taken by Reserve Bank.
Source: brisbanetimes.com.au
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Scope economic survey: Surging house prices could force RBA to reassess ultra-low rates
Advertisement The largest one-month jump in house values in 17 years and a surge in new home loans has prompted warnings the property market is at risk of overheating and could force the Reserve Bank to reassess record-low interest rates. Some economists believe the RBA, which meets on Tuesday, may have to start lifting rates as early as next year to deal with house prices, which rose 3 per cent in Sydney and 2.5 per cent in Melbourne last month. House values climbed at their fastest rate in 17 years in February and home loans are surging in reaction to ultra-low interest rates and government...
Source: watoday.com.au