Families ‘can’t afford’ an increase in interest rates

Liberal MP Keith Wolahan says families “can’t afford” an increase in interest rates. Mr Wolahan says bringing the inflation number down is like a “five-kilometre race”. “We’re in the last kilometre, and that is the hardest kilometre of all,” Mr Wolahan told Sky News Australia. “The Reserve Bank has done all that it can. “I think it has sent a warning to this government in the budget do not increase the pressure that will ultimately lead to the Reserve Bank potentially having to increase rates, and families just can’t afford that. “They just don’t have any capacity to pay more.”