Mortgage holders face the risk of a fresh interest rate hike as soon as next week, with Thursday’s jobs data expected to play a critical role in the Reserve Bank of Australia’s September decision.
The warning comes as the RBA signals that the labour market remains tight, keeping pressure on policymakers as they consider their next move on rates.
The employment figures will therefore be closely watched ahead of the September rate decision, with the outcome potentially determining whether borrowers are hit by another increase as early as next week.
