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How we’re surviving the interest rate squeeze | ABC News Daily Podcast

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As the Reserve Bank prepares to meet again on interest rates, it’s worth considering the impact on households of the 12 rate rises we have already had. Subscribe: https://ab.co/NewsDaily

We know thousands of borrowers are now battling to pay off their loans especially since low fixed rates expired, but fears of widespread mortgage defaults have not yet eventuated.

It’s widely expected that the central bank will keep the cash rate on hold for a third month, as inflation shows signs of easing. Consumer inflation slowed to 4.9 per cent in July. The lowest in 17 months, but well above the RBA’s 2-3 per cent target.

In this episode, business reporter Daniel Ziffer on inflation, mortgage stress and when things might start to get a bit easier.

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