The Reserve Bank of Australia (RBA) interest rate is currently at 0.85 percent, up 0.5 percent from the previous month. What does that mean for those who have a loan at the bank? Who will be most affected by this decision?
The RBA's interest rate has taken another hike, this time at 0.85 percent.
David Sutantyo, finance broker and Managing Director of Sydney-based Twelve Grains Capital, says that this increase is significant but still lower compared to last year.
Mr Sutantyo also says there are some who will be most disadvantaged by this increase.
Listen to the full conversation here.
Listen to SBS Indonesian every Monday, Wednesday, Friday and Sunday at 3 pm.
Follow us on Facebook and catch us up on podcasts.
Share
