Reserve Bank decisions: Interest rate hike adds to cost-of-living strain

Dan Jervis-Bardy
By Dan Jervis-Bardy
Updated June 7 2022 - 10:16am, first published 8:04am

The cost-of-living crunch will worsen before it eases, Treasurer Jim Chalmers has warned, after surging inflation pushed the Reserve Bank into a higher-than-expected interest rate hike.

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Dan Jervis-Bardy

Dan Jervis-Bardy

Federal Politics Reporter

Dan covers federal politics from Parliament House, with a special focus on climate policy and the NDIS. He has previously reported on ACT politics and urban affairs since joining the Canberra Times in 2018.