A senior official at the Reserve Bank of Australia (RBA) has hinted that mortgage holders may face another rate hike soon. Assistant Governor Sarah Hunter stated in a Sunday night television interview that the central bank’s fight against inflation is not quite done yet.
Hunter’s remarks come as households brace for potential bad news, particularly around the time of the Melbourne Cup day. The suggestion of a rate hike has raised concerns among mortgage holders who have already been dealing with rising interest rates.
The RBA has been working to tackle Australia’s inflation problem, but Hunter’s comments indicate that further action may be necessary. The central bank has been cautious in its approach, but the latest signals suggest that more adjustments could be on the horizon.