The Reserve Bank of Australia has lifted the cash rate for the second month in a row, taking it to 0.85 per cent, with further rate increases expected in the near future.
So, what impact will it all have on your budget bottom line? And how much of an effect will falling confidence and home prices have on the RBA’s tightening?
In the latest episode of Oliver's Insights, part of AMP’s Simplifying Investing podcast series, our Chief Economist, Dr. Shane Oliver, takes a closer look.
This podcast is general in nature and hasn’t taken your circumstances into account. It’s important you consider your personal circumstances and speak to a financial adviser before deciding what’s right for you. Any general tax information provided is intended as a guide only. Remember the value of investments may go up or down and you may not get back the amount you invested. The opinions and views featured in this podcast reflect the individual’s own. Date of publication 8 June 2022. AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121, part of the AMP Group.