HOMEOWNERS are likely to be stung with the fourth interest rate rise in 10 months after the latest data showed inflation was still too high for the central bank's liking.
New figures show the higher cost of fuel, audio visual and computing products had driven one inflation gauge up 3.8 per cent over the past year, well above the Reserve Bank of Australia's preferred 2 to 3 per cent range.
Another rate rise will push the average Australian mortgage up $42 each month, based on a $240,000 new mortgage. further hurting consumers as they struggle to pay off their Christmas credit card bills.
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