BBCNEWS World Business Report June 4, 2024 04:49:00
Parts of the australian economy, that is actually in pretty good shape, unemployment figures are looking quite good, retail demand is actually really high, but again, as we have seen in other parts of the world, as countries emerge from the pandemic, it is actually these things that are really driving up prices, hence these interest rate hikes. so you can understand why the reserve bank is increasing interest rates, trying to cool inflation, there is no doubt it will be especially homeowners that are going to be hit hard by these latest increases. they are already struggling to pay their mortg...