Monetary policy is a blunt tool, inflicting pain on the marginal borrower. About 35 per cent of the population has a mortgage, and about 20 per cent has a decent-sized home loan. But there are winners as well.
elbourne financial counsellor Shungu Patiska says he’s been receiving more phone calls recently on the national debt hotline about cost of living pressures.
John KehoeEconomics editorJohn Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
