Mortgage holders be warned. Financial markets are betting the Reserve Bank will lift interest rates in June.

A statement released this week by Reserve Bank governor Phil Lowe has caused a shift in expectations about future rate hikes. It noted Australia’s falling jobless rate, rising inflation pressures and large wage increases in some sectors of the economy.

Crucially, Lowe dropped a reference to the bank’s intention to be ‘patient’ when considering future rate increases.

Most analysts now think the board will lift rates at its first meeting after the May federal election on June 7th. But how high will rates go?

Today on Please Explain, senior economics correspondent Shane Wright joins Jess Irvine to discuss.

Mortgage holders be warned. Financial markets are betting the Reserve Bank will lift interest rates in June.
A statement released this week by Reserve Bank governor Phil Lowe has caused a shift in expectations about future rate hikes. It noted Australia&rsquo;s falling jobless rate, rising inflation pressures and large wage increases in some sectors of the economy.
Crucially, Lowe dropped a reference to the bank&rsquo;s intention to be &lsquo;patient&rsquo; when considering future rate increases.
Most analysts now think the board will lift rates at its first meeting after the May federal election on June 7th. But how high will rates go?
Today on Please Explain, senior economics correspondent Shane Wright joins Jess Irvine to discuss.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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