TOP STORY
Borrowed time: rate hike unlikely to be one-and-done
BORROWERS have borne the brunt of a resurgence in inflation, with the Reserve Bank raising interest rates and leaving the door open to further increases. The RBA’s monetary policy board lifted the cash rate by 25 basis points to 3.85 per cent in aunanimous decision on Tuesday. The move was tipped by most economists and expected by financial markets after inflation surged back above the central bank’s two to three per cent target band. But that will do little to ease the blow for borrowers, who will have their monthly repayments increase by more than $90 on a $600,000 mort
