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‘Millions of Aussies are under significant financial stress’: Experts warn personal debt could soar

Pelican Press

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‘Millions of Aussies are under significant financial stress’: Experts warn personal debt could soar

Experts have warned that personal debt could soar following the decision to keep the cash rate steady at 4.35 per cent as data reveals Australia’s major savings struggle.

The Reserve Bank held the cash rate at 4.35 per cent following its board meeting on Tuesday, flagging that inflation is “still too high”.



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