Stop Press: 250% Increase In RBA Cash Rate! Worse Yet To Come In 2022!
3rd May 2022: Stop Press: 250% Increase In RBA Cash Rate! Worse Yet To Come In 2022! Spells Household Mortgage Pain For 26m Aussies-17.7m Voters As Major Banks Will Pass On Rate Spike!
Today, RBA Governor announced an increase in official cash rate from 0.1% to 0.35%, or 25 basis points-250% increase.
Expect major home mortgage lenders-CBA, NAB, ANZ, WBC-will instantly pass on full rate hike to 26m Aussies-17.7m Voters already suffering worst inflation of 5.1% (Perth 7.6%) since GFC # 1 in 2008 when ASX crashed by 35%!
$337 Billion of Quantitative Easing (QE) still sloshing around the OZ economy-ASX, all of which requires unwinding, for which RBA has yet to do! More Aussie Pain.
Predictions:
1. RBA will continue to hike interest rates in 2022 & 2023.
2. CPI Inflation will get much worse in 2022 & beyond.
3. Bursting Inflation Bubble & Interest Rate Bubble will inflict much more pain in 2022: expect CPI to hit 9% (Perth 12%) by end Dec 22; Home Mortgage Rates to strike 6% to 7% by year end.
Increasing consumer-household standard of living pain, serious questions need to be answered by PM Morrison why his Liberal-National Gov't continues to pursue Anti-China Policies & Actions? Solution? https://lnkd.in/eP2MaG_J
- Forums
- Economics
- Stop Press: 250% Increase In RBA Cash Rate! Worse Yet To Come In 2022!
Stop Press: 250% Increase In RBA Cash Rate! Worse Yet To Come In 2022!
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online