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Australian households are taking on much bigger mortgages than they were 15 years ago. And our incomes haven’t kept up, either.
🌍 Macroeconomics The Reserve Bank of Australia decided to raise interest rates by 25 basis points, bringing the main rate to 4.60%, its highest level since 2011. In an official
Australia’s central bank raises rates to 4.6%, citing persistent inflation, higher energy prices and risks from the Middle East conflict.