Everything points to interest rates being raised by 0.25% to 4.60% at next week’s RBA board meeting. However, if not this month then it will
September 26, 2026
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Bordez’s economic commentary brings you up-to-date with insights to the local and global dynamics and drivers at play in Australia’s contemporary economy.
Mortgage interest is usually charged monthly, but the rates are yearly. This means that each time interest is charged, the outstanding amount compounds as interest is applied to interest.