Australians feeling the pain amid cost of living crisis

Shadow Treasurer Angus Taylor says there is a lot of cost of living pain in Australia. RBA Governor Michele Bullock told a conference in Hong Kong that households in Australia are actually in a pretty good position despite the political noise around the 13 interest rate hikes over the last 18 months. Australians know that theres a lot of pain before they default on a loan, Mr Taylor told Sky News host Peta Credlin. They want to pay them back, and they will make all sorts of sacrifices along the way. Theres a lot of pain out there regardless of what central bankers like to say.