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	Podcast:		Please Explain
	Episode:		How much more mortgage pain is coming our way?
	Category:		News & Politics
	Duration:		00:11:54
	Publish Date:		2022-09-07 03:48:23
	Description:		The Reserve Bank has lifted rates for the fifth consecutive month to a seven-year high of 2.35 per cent. It’s the first time the RBA has lifted the cash rate five times in a row, and follows historically low interest rates of just 0.1 per cent in May. The rise will add an extra $242 a month to mortgage repayments for people with an $800,000 mortgage. But the RBA is warning there'll be more to come. Today on Please Explain, senior economics correspondent Shane Wright joins Bianca Hall to discuss the cost of living pressures coming our way. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.
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