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Australian interest rates have further to rise

February 12, 2024 - 12:00 -- Admin

The Reserve Bank of Australia (RBA) might be done raising the official cash rate (OCR). But that doesn’t mean that the pain is over for Australian mortgage holders. Justin Fabo at Antipodean Macro has posted the below chart showing how actual mortgage rates paid by Australians (blue line) continue to rise as cheap pandemic fixed-rate mortgages

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