Millions of Aussies to suffer further after major bank's fresh rates warning

RBA Seen Lifting Rate to 17-Year High on Oil Shock, Westpac Says

(Bloomberg) — Australia’s central bank will likely raise its benchmark rate three more times this year, taking it to more than a 17-year high amid the war in the Middle East and signs that rising fuel costs are feeding into prices, according to Westpac Banking Corp.’s Luci Ellis.

Millions of Aussies to suffer further after major bank's fresh rates warning

Interest rates could peak at 4.85 per cent in August, according to modelling from one of Australia's big ba...