The Reserve Bank of Australia has lifted the official cash rate by 50 basis points, the fifth consecutive increase in a row. For the past decade - a generation of borrowers were experiencing falling or steady interest rates - but now - they've been hit with a succession of rate rises. With many Australian families already feeling the constraints of cost of living pressures, the R-B-A's announcement packs an extra pinch. That story by Hannah Kwon and Felicity Davey for SBS News, produced by Praba Maheswaran for SBS Tamil.
Listen to SBS Tamil at 8pm on Mondays, Wednesdays, Fridays and Sundays on SBS Radio 2. Find your area’s radio frequency by visiting our tune in page. For listening on DAB+ digital radio, search for ‘SBS Radio’.
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