Households in tough financial position with interest rates possibly tripling by Christmas | ABC News

Homeowners are facing a growing credit squeeze as the Reserve Bank ramps up efforts to fight inflation. Subscribe: http://ab.co/1svxLVE
Interest rates could more than triple by Christmas. That’s despite years of assurances they’d remain at record lows.
It’s put many households into a difficult financial position, as Alan Kohler explains.

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