Australian households are not out of the woods yet.
While financial markets are focused on interest rate cuts, already under-pressure households are only just starting to feel November’s interest rate rise, which was the 13th in quick succession and aimed at putting the brakes on spending.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
