Reserve Bank minutes show a bigger interest rate rise was considered in May, still possible in June - ABC News

5/17/2022 12:00:00 AM2 years 11 months ago
by Michael Janda

Borrowers may only have narrowly escaped a bigger interest rate rise this month and should brace for the chance of a super-sized move in June, the Reserve Bank's latest minutes reveal.

Minutes from the Reserve Bank's last meeting show borrowers may only have narrowly escaped a bigger rate rise and should brace for the chance of a super-sized move in June.