Struggle Street Residents Last to Benefit From Rate Cut

Struggle Street Residents Last to Benefit From Rate Cut
Signage for a real estate property is seen in Carlton North, Melbourne, Australia, on July 18, 2018. AAP Image/James Ross
AAP
By AAP
Updated:
0:00

Australians worst affected by interest rate rises are also among the least likely to benefit from cuts, the Reserve Bank governor says.

The central bank lowering the cash rate for the first time in four years has been welcomed by many but its impact will not be felt evenly, Michele Bullock said.