As cost of living rises alongside interest rates, these are the people who can cash in for the win after the RBA’s latest decision.
The Reserve Bank of Australia’s decision to increase the cash rate by another 0.5 per cent won’t help to ease cost of living pressures, but for some Australians it’s actually a win.
The RBA announced on Tuesday that it was increasing rates by 50 basis points, taking them from 0.85% to a new high of 1.35%.
REA Group senior economic Eleanor Creagh said a strong demand for goods and services driving inflation was a sign of a “strengthening economy”…
