Households could withstand two widely tipped interest rate rises, even as fuel prices soar and supply chain shocks threaten to put more pressure on family budgets, Westpac chief executive Anthony Miller says.
The head of the country’s second-largest mortgage lender said the two cash rate increases widely expected by economists – including on one Tuesday – would put borrowers under the same pressure as they were experiencing a year ago, which they navigated “remarkably well”.
