WA households are feeling the pinch and making cuts – and one sector will face the most pain

🇦🇺 The Sydney Morning Herald (AU) —
WA households are feeling the pinch and making cuts – and one sector will face the most pain

AI Summary

Western Australian households were already worried about rising living costs and planning to cut spending before the Reserve Bank raised interest rates to a 15-year high. The article says one sector is likely to bear the greatest impact, though the supplied description does not identify it.

Households were in a glum mood about the rising cost of living and readying to tighten their belts even before the Reserve Bank hiked up interest rates to a 15-year high on Tuesday.

Politics Markets Western Australia cost of living household spending interest rates Reserve Bank consumer sentiment

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