Fixed mortgage rates are climbing faster than the RBA’s moves, as banks face deeper funding pressure. Analysts warn that further rate rises could increase the risk of a loan-loss cycle next year—a reminder that borrowing costs can bite before the central bank acts again.
Real federal government spending rose 4.3% last financial year, twice the budget forecast, according to an AFR report. That gap puts the government’s promised restraint under pressure and adds to the...
