Since the March 17th increase, lenders have now rolled through the 0.25-percentage-point rise to borrowers, with repayments lifting across the board.
This follows the February move, meaning rates have now increased twice in quick succession, adding pressure to household budgets.
Globally, interest rates also remain elevated, with Australia continuing to move in line with broader trends across major economies.
At the same time, fixed rates had already been moving higher ahead of the decision, as markets priced in further increases.
Shorter-term fixed (1–2 years) has seen the most movement, reflecting near-term expectations.
Mid-term fixed (around 3 years) has also repriced higher, but more gradually.
Overall, fixed rates are now being set based on where markets expect rates to go, not where they are today.
What to watch next
With rates moving again, attention now shifts to what comes next.
Economists are focused on inflation, labour market conditions and global pressures – all of which will influence whether rates hold, rise further or begin to ease.
With repayments now adjusting, this is typically when small differences between loans start to matter more.
I can help you review your current loan and see whether it’s still competitive in the current environment.
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