SBS Hindi

Households to feel the pain after RBA hikes interest rate again

SBS Hindi

A pedestrian walks past the Reserve Bank of Australia (RBA) head office in Sydney, Tuesday, June 7, 2022. The Reserve Bank of Australia board holds its monthly meeting ahead of an announcement on interest rates. (AAP Image/Bianca De Marchi) NO ARCHIVING

A pedestrian walks past the Reserve Bank of Australia (RBA) head office in Sydney. Source: AAP


Published 8 June 2022 at 11:32am
By Krishani Dhanji
Presented by Vikas awana
Source: SBS

Many homeowners are facing a significant increase in mortgage rates after the Reserve Bank of Australia (RBA) lifted the cash rate by 50 basis points. It's the biggest rate rise in more than two decades and coincides with sharply rising gas and electricity prices, leaving many struggling.


Published 8 June 2022 at 11:32am
By Krishani Dhanji
Presented by Vikas awana
Source: SBS


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