Scott Morrison is 攻撃する,衝突する with a BRUTAL question about his 未来 in politics after RBA 利益/興味 率 引き上げ(る)

  • The Reserve Bank of Australia has raised 利益/興味 率s for first time since 2010
  • The 0.25 百分率 point 増加する was bigger than market 期待s
  • This was the first 増加する during an 選挙運動 since November 2007
  • 月毎の 返済s on a typical $600,000 貸付金 will go up by $78 in May?
  • Within a year, this borrower could be 支払う/賃金ing $625 more a month with more rises?

Scott Morrison has 否定するd today's 利益/興味 率 引き上げ(る) has cost him the 連邦の 選挙.?

The 総理大臣 勧めるd Aussies to stick with him after the Reserve Bank 引き上げ(る)d 利益/興味 率s to 0.35 per cent, which will result in higher mortgage 支払い(額)s for thousands of home owners.

At a 圧力(をかける) 会議/協議会 on Tuesday afternoon, Mr Morrison was asked 'has your 政府 just lost this 選挙?'?

Prime Minister Scott Morrison and Treasurer Josh Frydenberg at a press conference after interest rates rose to 0.35 per cent

総理大臣 Scott Morrison and Treasurer Josh Frydenberg at a 圧力(をかける) 会議/協議会 after 利益/興味 率s rose to 0.35 per cent

The 総理大臣 replied: 'Of course not'.?

He 非難するd 全世界の factors for Australia's 5.1 per cent インフレーション 率 含むing war in Europe and 'the hangov er 影響s 原因(となる) by the pandemic'.

The last time 利益/興味 率s rose during an 選挙運動 (機の)カム just before fellow 自由主義の PM John Howard was booted out of office after 11 years in 2007.?

Mr Morrison has 解任するd 平行のs with Mr Howard, pointing out that 利益/興味 率s were above six per cent in 2007 and before today were at a historic low of 0.1 per cent.

But like the 自由主義の legend he said he has 'sympathy' for Aussies whose mortgage 支払い(額)s will 増加する.?

Mr Morrison talked up his 記録,記録的な/記録する in 扱うing the pandemic and 勧めるd Australians not to 危険 a Labor 政府.

'We've steered this country through one of our most difficult times. The 強調する/ストレスs and the 圧力s are 激しい,' he said.

'For those that are 支払う/賃金ing more, that will be hard, and we understand that.'

The 総理大臣 said Australians were 用意が出来ている for rising 率s and pointed out that the 割合 of borrowers on 直す/買収する,八百長をするd 率 mortgages has 二塁打d to 40 per cent.?

Prime Minister Scott Morrison visits Palamara Village Fruits on Day 23 of the 2022 federal election campaign in Melbourne

総理大臣 Scott Morrison visits Palamara Village Fruits on Day 23 of the 2022 連邦の 選挙運動 in Melbourne

'Australians have been 準備するing for this for some time,' he said.

'Throughout the pandemic, we've seen them 二塁打 the 衝撃を和らげるものs on their mortgages... and 強化する their balance sheets in 準備.'??

The cash 率 rise of 0.25 per cent was?much bigger than the 0.15 百分率 point rise 財政上の markets were 推定する/予想するing.

The 公式の/役人 率 now stands at 0.35 per cent - the highest since March 2020 at the start of the pandemic - after インフレーション in the year to March 急に上がるd by 5.1 per cent - the fastest pace in 21 years.

'We are now in this 旅行 out of the pandemic,' Mr Morrison said on Tuesday after the 決定/判定勝ち(する).?

'インフレーション has 選ぶd up 意味ありげに and more than 推定する/予想するd.

'Of course, a 25 basis point 増加する in the cash 率, that will be harder and we understand that.'?

The last time interest rates rose during an election campaign saw Liberal PM John Howard (left) booted out of office after 11 years in 2007

The last time 利益/興味 率s rose during an 選挙運動 saw 自由主義の PM John Howard (left) booted out of office after 11 years in 2007

知事 Philip Lowe said:? 'The economy has proven to be resilient and インフレーション has 選ぶd up more quickly, and to a higher level, than was 推定する/予想するd.'

Three of Australia's Big Four banks - ANZ, Westpac and NAB - are 推定する/予想するing the Reserve Bank to take the cash 率 to two per cent by 2023 as 率s 増加する seven more times, with more 苦痛 かもしれない coming in June.

Dr Lowe hinted more 率 rises were likely in 2022 and 2023 with インフレーション at the highest level since 2001.

'Given this, and the very low level of 利益/興味 率s, it is appropriate to start the 過程 of normalising 通貨の 条件s,' he said.

The Reserve Bank of Australia has raised interest rates for the first time in 12 years to curb soaring inflation (pictured is an auction at Hurlstone Park in Sydney)

The Reserve Bank of Australia has raised 利益/興味 率s for the first time in 12 years to 抑制(する) 急に上がるing インフレーション (pictured is an auction at Hurlstone Park in Sydney)

Dr Lowe is also 推定する/予想するing the 時代 of low 給料 growth that began in 中央の-2013 to be over this year, after last year 宣言するing weak 支払う/賃金 増加するs could help the RBA to keep 率s on 持つ/拘留する until 2024 'at the earliest'.

'There is also 証拠 that 給料 growth is 選ぶing up,' he said.

With インフレーション 井戸/弁護士席 above the RBA's two to three per cent 的, the word was について言及するd 13 times in the May 通貨の 政策 会合 声明, 問題/発行するd on Tuesday, with a hint of more 率 rises.

'The Board is committed to doing what is necessary to 確実にする that インフレーション in Australia returns to 的 over time,' Dr Lowe said.

'This will 要求する a その上の 解除する in 利益/興味 率s over the period ahead.'

More than 1.5million borrowers will be 対処するing with a variable 増加する for the first time as 月毎の 返済s on a typical $600,000 mortgage rise by $78.

影をつくる/尾行する treasurer 非難するd the 政府 even though the Reserve Bank said Russia's ウクライナ共和国 war had 押し進めるd up インフレーション.

'This is a 十分な blown cost of living 危機 on Scott Morrison's watch.?

'The PM has an excuse for everything and a 計画(する) for nothing,' he said.

'If only you could 支払う/賃金 your mortgage with Scott Morrison's excuses.'

The cash rate has risen by 0.25 per cent basic points, ending the historic era of a record-low 0.1 per cent cash rate and marking the first increase since November 2010. This was also much bigger than the 0.15 percentage point rise financial markets were expecting

The cash 率 has risen by 0.25 per cent basic points, ending the historic 時代 of a 記録,記録的な/記録する-low 0.1 per cent cash 率 and 場内取引員/株価 the first 増加する since November 2010. This was also much bigger than the 0.15 百分率 point rise 財政上の markets were 推定する/予想するing

Treasurer Josh Frydenberg said he 尊敬(する)・点d the Reserve Bank's independence and its 決定/判定勝ち(する) to 身を引く 緊急-level support for the economy.

'We don't have an axe to grind with the Reserve Bank,' he said.?

Westpac and its 子会社 St George were the first bank to hint at an 増加する in variable mortgage 率s.

'We are 現在/一般に reviewing our variable 利益/興味 率s に引き続いて the RBA's cash 率 決定/判定勝ち(する),' it said.

'We will keep you up to date with any changes here.'

Last month, the RBA 予報するd an 増加する in the cash 率 to two per cent - a level unseen since May 2016, would 原因(となる) a 15 per cent 急落(する),激減(する) in Australian 所有物/資産/財産 prices.

CoreLogic 研究 director Tim Lawless is 推定する/予想するing Sydney and Melbourne house prices to dive by 15 per cent in the year ahead, as 利益/興味 率s keep rising.

' Most of the 拒絶する/低下するs will be concentrated in those two cities because that's where affordability is most stretched and also where, arguably, they'll be 直面するing some demographic headwinds just through interstate 移住 really favouring the smaller 明言する/公表するs,' he told Daily Mail Australia.

'The 反対する argument to that is we see overseas 国境s 開始 up, we're going to be seeing more 移住 coming in but that 一般に tends to flow through to 賃貸しの 需要・要求する rather than 購入(する)ing 需要・要求する.'

Reserve Bank of Australia Governor Philip Lowe hinted more rate rises were likely in 2022 and 2023 with inflation at the highest level since 2001 (pictured are shoppers at Sydney's Pitt Street Mall)

Reserve Bank of Australia 知事 Philip Lowe hinted more 率 rises were likely in 2022 and 2023 with インフレーション at the highest level since 2001 (pictured are shoppers at Sydney's Pitt Street 商店街)

Brisbane, Adelaide, Hobart and Canberra, along with 地域の areas in 沿岸の New South むちの跡s, southern Queenslan d and northern Tasmania were likely to see smaller 拒絶する/低下するs of five to 10 per cent.

'These markets tend to be a little bit more 絶縁するd partly because affordability is not やめる as stretched,' Mr Lawless said.?

Those markets are more affordable than Sydney and Melbourne and would continue to 利益 from professionals who can work from home moving there.?

A 15 per cent 落ちる in Sydney's median house price of $1.417million would take values 支援する to $1.204million - where they were in the middle of last year.

CoreLogic research director Tim Lawless is expecting Sydney (pictured) and Melbourne house prices to dive by 15 per cent in the year ahead, as interest rates keep rising

CoreLogic 研究 director Tim Lawless is 推定する/予想するing Sydney (pictured) and Melbourne house prices to dive by 15 per cent in the year ahead, as 利益/興味 率s keep rising

How much THIS 0.25 百分率 point 利益/興味 率 rise will cost you

$500,000 : 月毎の 返済s rising by $65 from $1,922 to $1,987

$600,000 : 月毎の 返済s rising by $78 from $2,306 to $2,384

$700,000 : 月毎の 返済s rising by $90 from $2,691 to $2,781

$800,000 : 月毎の 返済s rising by $103 from $3,075 to $3,178

$900,000 : 月毎の 返済s rising by $116 from $3,459 to $3,575

$1,000,000 : 月毎の 返済s rising by $130 from $3,843 to $3,973

Data based on variable 率 増加するing from 2.29 per cent to 2.54 per cent

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宣伝

A 減少(する) of the same magnitude in Melbourne would see the 中央の-point house price 減少(する) from $1.001million to $850,787, which would be the lowest level since May 2017.

But with 失業 at just 3.95 per cent, the lowest level since 1974, Mr Lawless said 軍隊d sales would be ありそうもない.

'This will probably more a 欠如(する) of 需要・要求する and people looking to sell having to adjust their price 期待s,' Mr Lawless said.?

A 0.25 百分率 point 増加する will see 月毎の 返済s on a typical $600,000 mortgage to climb by $78, from $2,306 to $2,384.

That's based on a bank passing on in 十分な the RBA 増加するing, 押し進めるing up a popular variable 率 from 2.29 per cent to 2.54 per cent.?

How much you could be 支払う/賃金ing on your 貸付金 by 2023

$500,000: 月毎の 返済s rising by $521 from $1,922 to $2,443

$600,000: 月毎の 返済s rising by $625 from $2,306 to $2,931

$700,000: 月毎の 返済s rising by $729 from $2,691 to $3,420

$800,000: 月毎の 返済s rising by $833 from $3,075 to $3,908

$900,000: 月毎の 返済s rising by $937 from $3,459 to $4,396

$1,000,000: 月毎の 返済s rising by $1,042 from $3,843 to $4,885

Data based on variable 率 rising from 2.29 per cent to 4.19 per cent before the Reserve Bank of Australia raised the cash 率

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