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The rationale behind a 50-basis point rate hike
Why exactly has the Reserve Bank of Australia lifted the cash rate so much, so soon?
In this episode of The Smart Property Investment Show, host Grace Ormsby is joined by RateCity research director Sally Tindall to unpack the reasoning behind the Reserve Bank of Australia’s decision to lift rates by half a per cent on 7 June 2022.
The pair reflect on the ramifications of such a sharp increase and what it could mean for Australia’s property market, highlighting which mortgage holders will and won’t be affected by the change.
Sally also sets out her own expectations for future rate rises, acknowledging the likelihood of another 50-basis point hike in July, before providing reassurance that while the short term might be difficult, it’s all part of the economic cycle.
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