Australia's Interest Rates Are Now Among The World's Highest

Australia's latest interest rate rise is putting renewed pressure on mortgage holders, households and the property market. But with inflation data arriving after the Reserve Bank's decision, questions remain about the numbers driving monetary policy. This Hotspotting analysis examines the RBA's latest move, mortgage costs, unemployment, government spending and what higher interest rates could mean for Australia's housing market and economy. Are Australians being asked to pay an increasingly heavy price to bring inflation under control?