The majority of Australians have been spooked from taking out a loan after the RBA’s 10 consecutive interest rate hikes, while also saying they have lost faith in the central bank’s decisions, research shows.
Seven out of 10 Australians say rising interest rates would have put them off a home, car or personal loan if they were in the market for one last year, a survey of more than 1000 people by finance platform Money.com.au found.
