Labor MP Andrew Charlton says Australians are still set to face financial stress even though the RBA has paused interest rate rises this week.
Labor MP Andrew Charlton says Australians are still set to face financial stress even though RBA has paused interest rate rises this week.
“It’s good news that rates didn’t go up this week, but we have to remember that for many Australians this isn’t the end of the pain,” Mr Charlton told Sky News host Sharri Markson.“They are people who are on ultra-low fixed rates that are about to flip into variable rates and they will see their interest go up from something like two per cent to something like five per cent over the course of the next six months.
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