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Signs of interest rate rises taking effect

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An aerial shot of a typical Australian suburban neighbourhood
ABC News: Gian De Poloni

There are more signs that aggressive interest rate rises are hurting household budgets and starting to slow the economy.

Australian Bureau of Statistics data shows lending approvals fell back in October, although the value of new loans is still above pre-pandemic levels.

Credits

Broadcast 
Housing Policy, Housing Construction Industry, Banking, Money and Monetary Policy, Economic Trends, Interest Rates
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