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RBA deputy governor warns recent home buyers most at risk of rate rises

Reserve Bank Deputy Governor Michele Bullock has used her first major speech to warn of the inevitability of more interest rate rises, saying most households were well placed to weather the storm but that some would be sorely tested.

RBA Deputy Governor Michele Bullock standing with arms folded in office setting.
How much the RBA decides to raise rates will depend on developments in the economy, including how borrowers respond to higher rates, RBA Deputy Governor Michele Bullock said.

Recent homebuyers and the those that are highly indebted are vulnerable to the interest rate rises that the RBA has confirmed today are inevitable.

Delivering her first major speech since being appointed in April, Reserve Bank Deputy Governor Michele Bullock made it clear that borrowers could expect to be hit with a string of further interest rate hikes in the coming months.

Just how intense the interest rate hiking regime will be is open to de…