Industry leaders offer brokers advice on interest rate hikes
Mark Bouris and Peter White have their say
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Mark Bouris and Peter White have their say
Mark Bouris, the chairman of mortgage broker Yellow Brick Road, has called on the banking regulator to relax its stress test so struggling borrowers coming off a low fixed rate can more easily refinance.
An opinion poll shows that many Aussies are pinning the blame for relentlessly rising interest rates on Reserve Bank Governor Philip Lowe with 52 per cent of respondents wanting him gone.
Mark Bouris has unloaded on the Reserve Bank’s latest cash rate decision, demanding some certainty for the Australians doing it tough.
Reserve Bank Governor Philip Lowe has been forced to defend his decision to hike the cash rate amid widespread criticism.