How High Will Interest Rates Go?

The impact of rising interest rates are already being felt, with the housing market in a tailspin and the economy at risk, as the RBA battles high inflation. But the rate hiking cycle is far from over.

Official interest rates rose by 25 basis points to 2.85% on Cup Day as the RBA board met in Sydney to find a way to stamp out rapid widespread price rises.

“Higher interest rates and higher inflation are putting pressure on the budgets of many households.

To know more: https://www.forbes.com/advisor/au/personal-finance/how-high-will-interest-rates-go/