Australians are feeling the ‘bite’ of interest rate rises as Christmas nears

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Australians are feeling the ‘bite’ of interest rate rises as Christmas nears
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The Salvation Army's Major Brendan Nottle says 61 per cent of Australians are feeling the “bite” of the interest rate rises at it is “hitting hard” for people around Christmas.

The Salvation Army’s Major Brendan Nottle says 61 per cent of Australians are feeling the “bite” of the interest rate rises at it is “hitting hard” for people around Christmas.

“It’s not just about putting on the spread on Christmas day, it’s not just about providing presents for the kids, it’s about everyday living,” Mr Nottle told Sky News host Chris Kenny.“All of those things are really putting a squeeze on people, and I think there’s an economic grey cloud that’s hanging over so many people at the moment and they’re really feeling the bite this Christmas.”

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