RBA increases interest rate to 0.35%

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RBA has increased interest rate to 0.35%

Blue line is the result. Purple line is what the crowd "expected" Blue line is the result. Purple line is what the crowd "expected"

After a lot of bullshit, the Reserve Bank of Australia has finally increased the interest rate from 0.1% to 0.35%.

What this means for mortgages?

Nothing much. The average home owner with a $600,000 debt and 25 years remaining on their mortgage will see their repayments rise by around $74.

What this means for AUDUSD? ⬆️

As with all interest rate increases, the AUDUSD currency pair will go up due to a stronger Australian dollar.
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