Opinion
Why interest rate pain is not so bad for home borrowers
The Reserve Bank’s 13 interest rate rises have curbed demand without tipping mortgage holders into big trouble.
John KehoeEconomics editorThere is a lot of complaining about the Reserve Bank of Australia’s 13 interest rate rises.
But remarkably, there is little serious financial stress among mortgage holders after more than 4 percentage points of cash rate rises since May 2022.
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