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Rising unemployment, stubbornly high inflation and a looming interest rate hike are piling misery onto Australian consumers, but Labor insists better days are on the horizon, Australian Associated Press reports.
The pinch of optimism comes as mortgage holders brace for the Reserve Bank of Australia to lift the official interest rate to a near-15-year high of 4.6% on Tuesday, an outcome money markets are treating as largely a foregone conclusion.
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Follow the day’s news live.
Get our breaking news email, free app or daily news podcast
Rising unemployment, stubbornly high inflation and a looming interest rate hike are piling misery onto Australian consumers, but Labor insists better days are on the horizon, Australian Associated Press reports.
The pinch of optimism comes as mortgage holders brace for the Reserve Bank of Australia to lift the official interest rate to a near-15-year high of 4.6% on Tuesday, an outcome money markets are treating as largely a foregone conclusion. Continue reading…Technology | The Guardian