West Australian businesses are being hit hard by the interest rate rises and fear they will have to pass on the pain to customers.

Business owners are warning they will need to start cutting costs, especially in terms of the number employees they can have and how much they will be paid.

“Businesses are already finding it tough and will continue to see a range of costs rise,” Australian Hotels Association WA CEO Bradley Woods told Gary Adshead on 6PR Mornings.

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Australian Council Of Social Services deputy CEO Edwina McDonald also spoke on 6PR Mornings about the 4.5% rate rise leading to a heavy loss in jobs.

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