Demand for car and home loans surging despite interest rates rate hikes

Adrian Rollins
Updated July 4 2023 - 10:08am, first published July 3 2023 - 1:05pm

Borrowers are shrugging off high interest rates to take out home loans and splurge on a new car, adding to evidence that the Reserve Bank of Australia may have more work to do to slow demand in the economy.

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Adrian Rollins

Adrian Rollins

Journalist

Adrian Rollins is economics correspondent for the Canberra Times