14/05/2024
While the annual consumer price index (CPI) eased slightly from 4.1 per cent in December to 3.6 per cent in March, it’s still above the Reserve Bank’s target. This means interest rates likely won’t drop soon.
For those in debt, this could mean:
✔️ No relief on high-interest loans: Credit card payments, personal loans, etc. might stay expensive.
✔️ Debt snowball risk: Without a plan, high interest can make it harder to get ahead of your debt.
Don’t let debt hold you back! Credit Counsellors Australia can help you manage your debt and create a plan for a brighter financial future. Get a FREE consultation today!