‘Rates are going up’: Inflation rises from 3.6 to 4 per cent

Описание к видео ‘Rates are going up’: Inflation rises from 3.6 to 4 per cent

Liberal MP Zoe McKenzie says it sounds like “rates are going up”.

Australia’s inflation rate rose from 3.6 per cent to 4 per cent in May.

Markets are now predicting a 67 per cent chance of a rate hike in August.

“It sounds like rates are going up,” Ms McKenzie told Sky News Australia.

“Most people I speak to are surprised they didn’t go up last time.

“The average household is already paying $25,000 more in their mortgage … and it’s likely to go up again.”

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