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How A 0.5-Point Interest Rate Increase Affects Your Home Loan

personOtto Dargan access_timeAugust 5, 2022

This week, the Reserve Bank of Australia announced its fourth straight monthly increase in the cash rate, and more rate hikes are almost certainly imminent. As of August 2022, the cash rate target is 1.85%. What Happens When Interest Rates Rise? The cash rate...

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