Over the past week, lenders have been passing on the full 0.25-percentage-point increase to borrowers, with repayments now lifting across the market.
This comes on top of February’s increase, meaning many households have now seen repayments rise twice in a short period – adding further pressure to monthly budgets.
Globally, interest rates remain elevated, with Australia continuing to move in line with broader trends across major economies.
Fixed rates have been moving higher in recent weeks as markets have already priced in further expected rate increases – we’ve covered this in more detail in a story below.
What to watch next
With rates moving again, attention now shifts to what comes next.
Economists are watching inflation, labour market conditions and global pressures. These will shape whether rates hold, rise further or begin to ease.
With repayments now adjusting, this is typically where small differences between loans start to matter more – making this a useful time to check whether your current rate and loan structure are still competitive. A quick review can often uncover opportunities to reduce repayments or improve flexibility.
