RBA tipped to keep interest rates on hold at September meeting

[Pelican Press 0]

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RBA tipped to keep interest rates on hold at September meeting

Australians with mortgages have collectively paid an estimated extra $5.52bn in repayments every month since the Reserve Bank began increasing rates two and a half years ago.

Data from Canstar revealed the total payments on mortgages in March 2022 – when the cash rate was at a record low of 0.1 per cent – was $9.01bn.

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