What's changed since the rate rise

Over the past week or so, lenders have been passing on the full 0.25-percentage-point increase to borrowers, with repayments now lifting across the market.

This comes on top of the February move, so for many households, rates have now increased twice in a short period – putting additional pressure on monthly budgets.

Globally, interest rates remain elevated, with Australia continuing to move in line with broader trends across major economies.

Fixed rates have been moving higher in recent weeks as markets have already priced in further expected rate increases.

What to watch next...

With rates moving again, attention now shifts to what comes next.

Economists are watching inflation, labour market conditions and global pressures. These will shape whether rates hold, rise further or begin to ease.

With repayments now adjusting, this is typically where small differences between loans start to matter more – making this a useful time to check whether your current rate and structure are still competitive.

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