Interest rates going higher, page-1813

from the afr:

'Economists have warned there is a good chance that the Reserve Bank of Australia will need to raise interest rates multiple times to squash persistent inflation, jeopardising its hopes for a soft economic landing.

The hawkish warnings came as credit rating agency Fitch said that the share of borrowers falling behind on repaying their home loan had risen to the highest level in five years, with 30+ day mortgage arrears at 1.3 per cent in the first quarter of this year'

https://www.copyright link/policy/e...ses-needed-to-quash-inflation-20240627-p5jp62