Another interest rate rise forecast tomorrow | 9 News Australia

After several interest rate rises already adding pressure to Aussie families this year, more financial pain is forecast for the new year. In the past 12 months rates have gradually risen to 2.85 per cent and an eighth consecutive jump is expected to be announced tomorrow. For families like the Muldearys in Ballan, Victoria, the ongoing rate rises have seen their mortgage eat up 40 per cent of their income.