In a recent update, CBA indicated the RBA will raise the cash rate sooner than expected.
Governor Phillip Lowe initially said that the cash rate will be held until 2024. Australia’s economy has recovered much faster from the COVID-19 pandemic than anticipated.
Now it looks like the cash rate increase will be brought forward to November of 2022. Join us today as we break down the need to knows of the coming interest rate rise.
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