Scott Morrison and Anthony Albanese are preparing for an election on cost of living pressures as petrol prices climb to record levels and the nation’s largest banks start pushing up their fixed mortgage rates.
Since the Reserve Bank held the official cash rate at 0.1 per cent on Melbourne Cup Day, all banks have started pushing up their fixed rates in response to higher global borrowing costs. “Households have noted a bit of a decline in their current financial situation, likely a result of higher inflation ,” he said.
swrighteconomy Investors and expats killing off first home buyers. Neither party has the stomach to take this on seriously. The Libs killed off Labor in 2019 by appealing to greed.
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