‘Very hard’ for people hit with interest rate and flooding ‘double whammy’

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Australian Banking Association Chief Executive Officer Anna Bligh says some people hit with the “double whammy” of rising interest rates and a natural disaster will find this period “very hard”.

“I think sometimes for people this sort of experience can feel incredibly overwhelming and hopeless,” she said.

“What I can say is the best chance they’ve got of their bank helping them in a very practical way is if they talk to their bank early.”

 

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