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Economy

2–3% CPI target band not until June 2025: RBA

The RBA has given more background to factors affecting its ideal inflation target, going forward.

Big banks move on upped 3.35% cash rate

The central bank’s February 25-bp cash rate hike has started flowing through to the first major banks.

Mortgagors refinancing at ‘rapid speed’: Lendi

Refinancing activity is expected to continue to rise throughout the year, breaking previous records set in 2022.

Mortgagors’ confidence ‘convincingly reversed’: Economist

Consumer confidence is down across a range of areas, latest ANZ-Roy Morgan data has revealed.

February cash rate hike continues mortgage pain

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

LATEST PODCAST: The balancing act between rate hikes and serviceability

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

Economists unanimous on February cash rate hike

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.

Australian economy on ‘narrow path to a soft landing’: IMF

A “strong cyclical position” bodes well for Australia, but tightening is still needed, major UN agency the IMF, has assessed.

$350bn fixed loan credit ‘rolling off’ to variable: RBA

The central bank has said it expects about half of all outstanding fixed loan debt to change to variable rates in 2023.

Housing barrier impacting NSW skilled worker demand

Housing hurdles have been highlighted in Business NSW’s pre-election push for ‘doubled’ skilled migration intake.

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