February 2023

Only the brave would back a February rate pause, with the major banks all expecting the central bank to hike by at least a 25-bp jump this month.

Australia’s central bank has confirmed a cash rate hike to start 2023, as sundry economists had expected.

New research has shown levels of borrowers at risk of mortgage stress have continued to ease.

Home loan and savings rates continue being adjusted after the latest 25-bp cash rate rise, non-major banks have announced.

Only a cash rate hike to start 2023 was considered, the central bank’s monetary policy minutes have revealed.