Households cashed up for rates rise: RBA
Most households except recent first-home buyers have enough savings to cope with rising interest rates, which the ANZ tips to reach three per cent this year.
Most households except recent first-home buyers have enough savings to cope with rising interest rates, which the ANZ tips to reach three per cent this year.
The US Federal Reserve has approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.
Despite cooling Australian house prices, auction rates are sky high as buyers get in and sellers go to market before interest rates rise.
The Bank of England's monetary policy committee of nine members has voted eight to one in favour of increasing interest rates to 0.25 per cent.
Norway's central bank has raised its key policy interest rate from 0.25 per cent to 0.5 per cent, citing the upswing in the economy.