If you have a mortgage, your family budget is about to be squeezed even tighter. After a brief pause, the Reserve Bank has moved again lifting the cash rate by 25 basis points - taking it to 3.85 per cent.
It's the eleventh hike in 12 months. And a week out from the Budget – the Treasurer says it's a brutal reminder inflation hasn't gone away. David Speers spoke with ABC Finance Presenter, Alan Kohler. Subscribe: http://ab.co/1svxLVE
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It's the eleventh hike in 12 months. And a week out from the Budget – the Treasurer says it's a brutal reminder inflation hasn't gone away. David Speers spoke with ABC Finance Presenter, Alan Kohler. Subscribe: http://ab.co/1svxLVE
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
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