Mortgage ache continues to mount for hundreds of thousands of households after the Reserve Bank’s shock rate of interest rise.
RBA Governor Philip Lowe acknowledged the ache households are presently feeling as a result of enhance in rates of interest however has argued to depart inflation unchecked would solely make the scenario worse.
Economists are warning Mr Lowe might be going too far with the rate of interest rises.
Two economists say they consider this dangers plunging the nation right into a recession.
Source: www.news.com.au
