‘Difficult day’ for Australians facing rising interest rates

Australia News News

‘Difficult day’ for Australians facing rising interest rates
Australia Latest News,Australia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

Treasurer Jim Chalmers says it will be a “tough day” for Australians facing the potential news of rising interest rates today.

“It will cause some pain for a lot of people,” he told Sky News Australia.

“It will be a difficult day I think there’ll be some difficult news, some tough news for a lot of Australians.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The key factor putting a floor under property pricesThe key factor putting a floor under property pricesAustralia’s low unemployment rate is a key factor in putting a floor under property prices, experts say, but that could be at risk if interest rates rise too high, too fast. | TawarRazaghi propertyprices realestate
Read more »

Morning mail: Sydney braces for more flooding, interest rates tipped to rise, six die in US parade shootingMorning mail: Sydney braces for more flooding, interest rates tipped to rise, six die in US parade shootingTuesday: A double whammy of interest rate rises expected over next two months. Plus: Winston Churchill’s ‘magnificently idiotic’ platypus quest
Read more »

Desperate sellers boost distressed listings by 10pc in JuneDesperate sellers boost distressed listings by 10pc in JuneThe number of distressed listings could rise to pre-pandemic levels in the months ahead as interest rates lift higher, according to SQM Research.
Read more »

ASX jumps as Wall Street rallies, the Reserve Bank rate hike loomsASX jumps as Wall Street rallies, the Reserve Bank rate hike loomsAustralian shares rise sharply in early trade as investors wait for another rate hike by the Reserve Bank on Tuesday.
Read more »

A hefty rise in interest rates would prove the RBA’s mettleA hefty rise in interest rates would prove the RBA’s mettleOPINION: The key to avoiding a re-run of the 1970s is the inflation expectation set by the Reserve Bank. Its communications have to improve.
Read more »

‘Done deal’: Australians spend their way to another rate rise‘Done deal’: Australians spend their way to another rate riseAustralians have likely just spent their way to a 50 basis point increase in interest rates this month, having gone on a mad splurge at the end of financial year sales in June, writes EKnightOfficial
Read more »



Render Time: 2025-03-30 10:29:41