The Reserve Bank telling homeowners not to expect rate rises until 2024 was 'crazy' according to John Symond, who said he was worried many Australians are not prepared to weather a recession.
"It was crazy" for the Reserve Bank to tell homeowners not to expect rate rises until 2024 according to Aussie Home Loans boss John Symond, who said he was worried many Australians are not prepared to weather a recession.
The Reserve Bank telling homeowners not to expect rate rises until 2024 was"crazy" according to John Symond, who said he was worried many Australians are not prepared to weather a recession. Picture: Darren Ornitz Leaked documents obtained by The Australian earlier this month appeared to show leading retailer David Jones was experiencing a severe drop in sales.
According to Mr Symond, that could lead to further pain for households as businesses are forced to lay off staff in order to cut costs."This lowest unemployment rate on record of 3.7 per cent, that's going to start climbing pretty well straight away.
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