As charities report increases in workers needing support amid rising living costs, the Reserve Bank is forecasting household pressures will increase as fixed-term home loans end.
"Around one third of the outstanding housing credit is fixed rate," she said.Ms Kohler said it was "quite a difficult question" to answer about how many loans that percentage represents.
"Both in responding but also in having to deal with the behaviours that brings on in the people that we see in our communities." "Now it's clear, emergency relief has become a necessary supplement to JobKeeper … it hides from parliament the real inadequacy of the income support program." While cost-of-living pressures are expected to be felt for some time, Ms Kohler said the RBA didn't expect inflation to rise further.
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