Australia's Mortgage Payments, Rents Rise After Rate Hike
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australians face increased mortgage and rent costs following the Reserve Bank of Australias second interest rate hike in two months, now at 4.1%. The decision was narrow, with five board members voting yes and four no. Governor Michelle Bullock emphasized the need to control inflation, while critics like Greg Jericho from the Australia Institute argue the bank misjudged the timing and risks. Households brace for further adjustments if inflation persists.
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