EPISODE · Mar 17, 2026 · 4 MIN
Interest rates rise as cost of living pressures mount
from Sunrise · host LiSTNR
The Reserve Bank of Australia has announced its second interest rate hike of the year, lifting the official rate to 4.1% in a split decision. The increase will add approximately $2,800 annually to the average Australian mortgage. Treasurer Jim Chalmers defends the government's economic management, citing budget surpluses and $114 billion in savings, while acknowledging ongoing inflation challenges and pressures on household budgets.See omnystudio.com/listener for privacy information.
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Interest rates rise as cost of living pressures mount
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