Certainly consumers have gotten used to historically low interest rates. But At the same token, theyve been listening to talk about rising interest rates. The first rise is now with us, I reflect consumers will do quite well, providing the interest rates dont rise up too far too quick. I reflect the economy will take up again to resilient and these interest rates historically compared to what weve been paying are quite low. I dont see a huge impression on the economy by this recent rate rise.
How Will the Australian Economy Overall Be Affected by the Interest Rate Rise?
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