Reserve Bank hikes cash rate for third consecutive month in fresh blow to mortgage holders | 7NEWS

7NEWS Australia published this video item, entitled “Reserve Bank hikes cash rate for third consecutive month in fresh blow to mortgage holders | 7NEWS” – below is their description.

South Australians are dealing with more household budget pain after another rise in interest rates.

The Reserve Bank has lifted the cash rate by 0.5 per cent, leaving some borrowers paying hundreds more every month.

7NEWS Australia YouTube Channel

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About This Source - 7NEWS Australia

Seven News is the television news service of the Seven Network and, as of 2016, the highest-rating in Australia. The news service draws upon overseas channels for select international coverage. The network’s Director of News and Current Affairs is Craig McPherson.

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Australia, officially known as the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area.

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