Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn
Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn
Follow our Australia news live blog for latest updates
Get our breaking news email, free app or daily news podcast
Surging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets as economists warn of recession risks.
Consumers are preparing for rates to surpass their recent highs after the Reserve Bank delivered back-to-back hikes ahead of an inflation spike driven by the US war on Iran.
Continue reading...Source: Guardian - World News
