Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE

Central bank's rate rise biggest in two decades

A pedestrian walks past the Reserve Bank of Australia (RBA) head office in Sydney, Tuesday, June 7, 2022. The Reserve Bank of Australia board holds its monthly meeting ahead of an announcement on interest rates. (AAP Image/Bianca De Marchi) NO ARCHIVING

A pedestrian walks past the Reserve Bank of Australia (RB Source: AAP

Homeowners are facing a significant increase in mortgage rates after the Reserve Bank lifted the cash rate by 50 basis points. It's the biggest rate rise in more than two decades and coincides with sharply rising gas and electricity prices, leaving many Australians struggling.


Published

By Krishani Dhanji

Presented by Aisa Hadziahmetovic

Source: SBS




Share this with family and friends


Homeowners are facing a significant increase in mortgage rates after the Reserve Bank lifted the cash rate by 50 basis points. It's the biggest rate rise in more than two decades and coincides with sharply rising gas and electricity prices, leaving many Australians struggling.



Latest podcast episodes

Follow SBS Bosnian

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

SBS Bosnian News

Watch it onDemand

Watch now