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ANZ's head of Australian economics David Plank fears the Reserve Bank could raise interest rates even higher with wages growth now above three per cent for the first time since 2013.
The RBA lifted its key cash rate by 0.25 of a percentage point at its November meeting, a seventh straight rise that took the cash rate from 0.1 per cent in May to 2.85 per cent.
With recession talk on the tip of the tongues of those at groovy economic gatherings, is this just party chatter or something we should be taking seriously?
A borrower with an average $600,000 mortgage would owe an extra $372 in monthly repayments should predictions ANZ and Westpac's Reserve Bank predictions come true.
SYDNEY (Reuters) - Australia's central bank on Tuesday raised the interest rate by 25 basis points for a second straight month while revising up its i...