'We've got a little bit longer to go': RBA's chief economist says one thing is needed to end rate rises - Nine.com.au

Higher interest rates are being applied to credit cards

Credit card interest rates are rising as debt levels rise. Economists indicate that government spending will be a key element in the economy's future. Meanwhile, private equity firms are showing interest in Healius, and a cancer survivor is at facing the possibility of losing their home. The Reserve Bank of Australia's chief economist says one thing is needed to halt rate rises, and City economists forecast that interest rates will not achieve 4.75% by next summer.

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