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Australian Consumers Crunched by Rates, Spike in Cost of Living

Por: MarketWatch Business January 31, 2023

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Last year came to a close amid talk that the Reserve Bank of Australia might need to continue raising interest rates aggressively in the early months of 2023, while house prices were also in retreat and consumer confidence wallowed at recession-like lows. The RBA is monitoring a coming significant shift among mortgage holders from low fixed interest rates to much higher variable interest rates. The change is expected to add many thousands to the... + full article



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