Inflation showdown puts fifth RBA rate hike firmly on the table - Elite Agent

Next week's inflation figure will likely decide whether the RBA hikes rates a fifth time this year – David Koch says if trimmed mean inflation lands above 3.6 per cent, another rise is probable. Agents should know that a fifth 0.25 point increase would add $114 monthly to an average $731,000 mortgage, or $7,000 annually, further squeezing buyer budgets that are already under strain. Compare the Market Economic Director David “Kochie” Koch says the RBA faces an increasingly difficult balancing act between containing inflation and protecting employment, with next week’s inflation release potentially determining its next move. The warning comes as Australian mortgage holders continue to absorb the impact of four 0.