It's the biggest rate rise in more than two decades and coincides with sharply rising gas and electricity prices, leaving many struggling.
RBA's rate rise biggest in two decades
ANZ, Westpac, the Commonwealth Bank (CBA) and the National Australia Bank (NAB) have all passed on the RBA's interest rate hike in full. Source: AAP / Joel Carrett
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Published 13 June 2022 at 10:35pm
By Krishani Dhanji
Source: SBS
Many homeowners are facing a significant increase in mortgage rates after the Reserve Bank lifted the cash rate by 50 basis points.
Published 13 June 2022 at 10:35pm
By Krishani Dhanji
Source: SBS
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