Rate increase to push more Australians into hardship and despair this Christmas

RBA expect more increase interest rates

The decision by the Reserve Bank of Australia to increase interest rates by 25 basis points to 3.1 per cent will push more Australians into hardship and despair this Christmas.

‘yesterday’s increase—the eighth in as many months—is another blow for low-income Australians and income support recipients already struggling to survive,’ said National Presiden…