RBA reveals scale of Australia’s mortgage crisis in parliamentary hearing

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RBA reveals scale of Australia’s mortgage crisis in parliamentary hearing
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The Reserve Bank has revealed the frightening scale of Australia’s looming mortgage crisis at a parliamentary hearing into the cost of living.

The Reserve Bank has revealed the frightening scale of Australia’s looming mortgage crisis at a parliamentary hearing into the cost of living. Officials defended their decision to increase interest rates seven times last year with more almost certain to follow, starting next week.

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