The Reserve Bank of Australia (RBA) has today raised interest rates for the fourth consecutive month in a row.<\/p>\n\n\n\n
Australians with a $610,000 mortgage are now paying over $500 more per month on their repayments since May.<\/p>\n\n\n\n
The Government still does not have a plan to deal with this.<\/p>\n\n\n\n
Nothing outlined in the Treasurer\u2019s economic statement last week will help Australians with these rising cost of living pressures. The Treasurer continues to sound more like a commentator than a Treasurer. Australians need a real plan, not just hollow words.<\/p>\n\n\n\n
All the Government has done so far is walk away from promises abandoning its commitment to cut power bills by $275 and real wage increases.<\/p>\n\n\n\n
Australians are already paying the price for Labor\u2019s lack of a plan.<\/p>\n\n\n\n
If the Treasurer fails to act, it will mean more pressure on inflation, more pressure on interest rates and higher cost of living for Australian families and small businesses.<\/p>\n\n\n\n
In the absence of a plan from the Albanese Government to deal with rising inflation and interest rates, Australians will get a plan from the Reserve Bank.<\/p>\n\n\n\n
That plan will be to raise interest rates even further and Australians with a mortgage will pay the price.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Reserve Bank of Australia (RBA) has today raised interest rates for the fourth consecutive month in a row. Australians with a $610,000 mortgage are now paying over $500 more per month on their repayments since May. The Government still does not have a plan to deal with this. Nothing outlined in the Treasurer\u2019s economic … Continue reading “Inaction on budget will leave Australians paying more”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-17594","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=17594"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17594\/revisions"}],"predecessor-version":[{"id":17595,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/17594\/revisions\/17595"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=17594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=17594"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=17594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}