Explainer

Illawarra homeowners should expect rate rise: Horizon CEO

Connor Pearce
Updated May 3 2022 - 7:29am, first published May 2 2022 - 12:32pm
"It's clear that inflation is running a lot faster than what the RBA is comfortable with and because of that there's no choice but to apply the monetary brakes."
"It's clear that inflation is running a lot faster than what the RBA is comfortable with and because of that there's no choice but to apply the monetary brakes."

For the first time in 10 years, the Reserve Bank of Australia is likely to raise the cash rate this year from its record low of 0.1 per cent.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options
Connor Pearce

Connor Pearce

Journalist at Illawarra Mercury

Get the latest Wollongong news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.