Australian households fear double whammy of rate hikes and higher petrol prices will lead to recession

Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warn Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Surging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets as economists warn of recession risks. Consumers are preparing for rates to surpass their recent highs after the Reserve Bank delivered ...

By Luca Ittimani