A generation of home owners wake in fright to rising mortgage rates - MacroBusiness
4/20/2022 12:00:00 AM3 yearsago
by Unconventional Economist
by Unconventional Economist
It has been 11 years and seven months (November 2010) since the Reserve Bank of Australia (RBA) last lifted the official cash rate (OCR) from 4.50% to 4.75%. Since then, the OCR has has fallen relentlessly to its current record low of just 0.10%: Therefore, l…
It has been 11 years and seven months (November 2010) since the Reserve Bank of Australia (RBA) last lifted the official cash rate (OCR) from 4.50% to 4.75%. Since then, the OCR has has fallen relent… [+2275 chars]
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