‘No relief in sight’ for Australian households struggling with the rising cost of living

Sky News host Rowan Dean says there’s “no relief in sight” for households already struggling with the rising cost of living in Australia as the RBA raised interest rates for the eighth consecutive month. “As expected, today the Reserve Bank of Australia increased the interest rate by 25 basis points, that's up to 3.1 per cent for the eighth month in a row, with more rises expected in the new year,” he said.