	{"id":68532,"date":"2023-04-06T11:14:47","date_gmt":"2023-04-06T01:14:47","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/news\/is-the-end-of-interest-rate-hikes-finally-in-sight\/"},"modified":"2023-04-06T11:18:56","modified_gmt":"2023-04-06T01:18:56","slug":"is-the-end-of-interest-rate-hikes-finally-in-sight","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/is-the-end-of-interest-rate-hikes-finally-in-sight\/","title":{"rendered":"Is the end of interest rate hikes finally in sight?"},"content":{"rendered":"<p><strong>With the Reserve Bank of Australia (RBA) having raised interest rates for the 10 consecutive time at the beginning of the month, many Aussies were left wondering when these increases would come to an end.<\/strong><\/p>\n<p>During the Australian Financial Review (AFR) Business Summit, RBA governor Philip Lowe hinted that the rate hikes could soon come to a halt, stating that \u201cwe are closer to the point where it will be appropriate to pause interest rate increases to allow more time to assess the state of the economy\u201d.<\/p>\n<p>Lowe acknowledged that the cumulative interest rate increases are causing difficulties for many households.<\/p>\n<p>To make things worse, interest payments are on the rise while inflation is also high, now sitting at 7.8 per cent.<\/p>\n<p>While some households are lucky enough to have saved up some money, the extra savings aren&#8217;t distributed evenly, and many families are struggling to keep up.<\/p>\n<p>As the RBA grapples with the worst inflation outbreak the country has seen in decades, driven by a combination of supply chain problems and strong consumer demand, some experts continue to believe that the RBA should keep raising interest rates to curb inflation and maintain economic stability.<\/p>\n<p>However, others, such as AMP head of investment strategy and chief economist Shane Oliver, think that enough is enough, saying that the RBA risks plunging the economy into a recession if they don&#8217;t respond.<\/p>\n<p>It&#8217;s no surprise that the RBA&#8217;s rate-tightening cycle has been the largest and most rapid since 2012, with mortgage repayments on a $500,000 home loan increasing by over $1,000 per month for owner-occupiers since the first hike.<\/p>\n<p>This is putting a strain on many households, and the RBA needs to consider the impact of its decisions on the wider economy.<\/p>\n<p>Ultimately, the RBA needs to find the right balance between managing inflation and supporting households and the wider community.<\/p>\n<p>It&#8217;s a tricky balancing act, and the RBA needs to carefully monitor the state of the economy and decide when to pause interest rate increases in the coming months.<\/p>\n<p>Overall, the RBA&#8217;s decision to continue raising interest rates highlights the challenges of managing the economy, and the need for careful consideration of the impact of monetary policy on all sectors of society.<\/p>\n<p style=\"text-align: right;\"><strong><em>\/\/ Sponsored Content<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the Reserve Bank of Australia (RBA) having raised interest rates for the 10 consecutive time at the beginning of the month, many Aussies were left wondering when these increases would come to an end. During the Australian Financial Review (AFR) Business Summit, RBA governor Philip Lowe hinted that the rate hikes could soon come [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/is-the-end-of-interest-rate-hikes-finally-in-sight\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":149,"featured_media":68533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-68532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is the end of interest rate hikes finally in sight? - Geelong Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/geelongtimes\/real-estate\/is-the-end-of-interest-rate-hikes-finally-in-sight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the end of interest rate hikes finally in sight? - Geelong Times\" \/>\n<meta property=\"og:description\" content=\"With the Reserve Bank of Australia (RBA) having raised interest rates for the 10 consecutive time at the beginning of the month, many Aussies were left wondering when these increases would come to an end. 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