RBA governor Michele bullock has shaken off a dispute with the Treasurer and reaffirmed the central bank will not cut interest rates until inflation is under control. She warned some Australians will have to sell their homes and said more people are seeking help from community organisations as the economy slows down and unemployment rises. She revealed five per cent of owner-occupiers with variable-rate mortgages are in a "particularly challenging situation". The Reserve Bank has lifted interest rates 13 times since May 2022.
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