The Pain is the Plan
Follow The Money
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Introduction
Ebony Bennett, Deputy Director at the Australia Institute. The effect of interest rates takes between three and six months to go through the economy. After a stand-largest interest rate hike cycle on record, with the Reserve Bank lifting the cash rate for the ninth consecutive time to 3.35%. Households with a loan of $750,000 are paying over $1,300 more each month, month after month after month. And there has never been a more exciting time to be an Australian.
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