Glynn’s Take: Squeeze on Australian Households Worse Than Thought

SYDNEY—The squeeze on Australian family budgets seems a lot worse than thought, with a pointy surge in tax funds including to the ache already being felt from hovering rates of interest.

For the Reserve Financial institution of Australia, which outwardly not less than nonetheless seems hawkish, the ache being felt throughout suburbia seems set to quash any remaining ideas of an additional rise in rates of interest subsequent 12 months.