Australians feeling the ‘pain’ amid cost of living crisis
Shadow Treasurer Angus Taylor says there is a lot of cost of living “pain” in Australia.
RBA Governor Michele Bullock told a conference in Hong Kong that households in Australia “are actually in a pretty good position” despite the “political noise” around the 13 interest rate hikes over the last 18 months.
“Australians know that there’s a lot of pain before they default on a loan,” Mr Taylor told Sky News host Peta Credlin.
“They want to pay them back, and they will make all sorts of sacrifices along the way.
“There’s a lot of pain out there regardless of what central bankers like to say.”
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