Rate rise fury swamps Australia
Australian homeowners are furious with the big banks for suddenly increasing their variable interest mortgage rates.
Jonathan spoke with Jason Murphy about community outrage with the big banks over unnecessary rate rises that put profits before people:
"The cost of doing business is going up for the banks, but so is the cost of living for consumers," says Meddings.
"Something has to give. And that should be the big banks’ profits, not consumers’ wallets, which have nothing but moths left in them due to unaffordable housing, high power bills, and stagnant wages."
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