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Mortgage holders are set to be hit with the highest interest rate levels since the global financial crisis almost 18 years ago. The Reserve Bank has announced a hike of 25 basis points from 4.6 per cent to 4.85 per cent, the highest level since November 2008. It’s the fifth rate rise in 2026 as the RBA tried to bring inflation down from above 4 per cent and into the target range of 2-3 per cent. Watch 7NEWS at 6pm for full coverage of today's announcement and what it means for your household. #i
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Mortgage holders are set to be hit with the highest interest rate levels since the global financial crisis almost 18 years ago. The Reserve Bank has announced a hike of 25 basis points from 4.6 per cent to 4.85 per cent, the highest level since November 2008. It’s the fifth rate rise in 2026 as the RBA tried to bring inflation down from above 4 per cent and into the target range of 2-3 per cent. Watch 7NEWS at 6pm for full coverage of today's announcement and what it means for your household. #i
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The lifetime ISA is being replaced. But what does that mean if you already have one? GB News Personal Finance Correspondent Temie Laleye explains. #Money #Finance #ISA #Budget #GBNews
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