Aussie Households Carry Rate Pain as Businesses Flourish

Reserve Bank Governor Philip Lowe looks on during the House of Representatives Economics Committee at Parliament House in Canberra, Australia, on Feb. 7, 2020. Tracey Nearmy/Getty Images

Australian households are bearing the brunt of the central bank’s determination to stuff the inflation genie back into its bottle, but not so much that business is suffering.

Companies—particularly those in the manufacturing, accommodation and food, financial and insurance services, and professional service sectors—are bringing home the bacon on the back of robust trading conditions.