The overriding fear of the central bank, the guardian of finance capital, is that the inflation surge accelerates the drive by workers across the economy to undertake an independent struggle for wage demands to compensate for the daily deepening cuts in their living standards.
A cash rate of 1.75 percent at the end of year, now being priced in by financial markets, would lift repayments on an $800,000 mortgage by almost $1,400 a month.
Investment ban a bigger threat than carbon tariffs afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Mortgage Business
LATEST PODCAST: The RBA on rising house prices By Robyn Tongol 08 February 2021
The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.
Join Alex Whitlock and Annie Kane as they discuss the booming house market and the RBA’s thoughts on the matter, the reissuing of First Home Loan Deposit Scheme guarantees, and SocietyOne’s new secured personal loan product.
This week, they discuss:
- Why FHLDS places are being reissued
- SocietyOne s new secured personal loan and potential IPO
And much more!