Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession
Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn
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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...
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