September 6, 2021
The Reserve Bank was all set to raise interest rates, the big banks had already started hiking their rates in anticipation .. and then lockdown struck.
Amid the chaos of high-tailing it back to our bubbles in time for lockdown, the news that the Reserve Bank decided to instead put the Official Cash Rate on hold at 0.25% got a bit lost.
But make no mistake - it's only a pause, and interest rates will start to rise very soon.
At enable.me - we can help you get rid of your mortgage faster - and plan for rising interest rates. To book an initial consultation with an enable.me financial coach – click here.
Hannah McQueen in a financial adviser, chartered accountant fellow, personal finance author, and the founder of enable.me – financial strategy & coaching.