Millions of Aussies to suffer further after major bank's fresh rates warning
--------------------------------------------------------------------
Source: 9News
Published: 2026-03-30 16:23 UTC+10:00
Section: National
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Middle East, Military & Defence, Australia, Iran, Energy, Economy & Finance, Property & Housing, Business & Economy, War & Conflict
--------------------------------------------------------------------
Snippet:
Interest rates could peak at an 18-year high in a matter of months, according to modelling from one of Australia's biggest banks.Westpac, citing the continuing war in the Middle East and high oil prices, is now forecasting mortgage holders will be hit by three more rate hikes – in May, June and August – after already having two to start 2026.That is two more cash rate increases than previously predicted.LIVE UPDATES: Dezi Freeman was 'armed, wrapped in blanket' when shotWestpac
--------------------------------------------------------------------