Mortgage holders warned to brace for interest rate rise: 'RBA strategy not working'

Mortgage holders warned to brace for interest rate rise: ‘RBA strategy not working’ Judo Bank chief economic adviser Warren Hogan believes there will be three 0.25 point rises this year alone. Homeowners have been warned the Reserve Bank of Australia (RBA) may lift interest rates three times this year. Consumer price index (CPI) data for the first quarter of 2024 was released this week and it dashed hopes of a rate cut for this year. Inflation has dropped since the …