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Rate Shock: WHY is the RBA adding on to my cost of living?
Making Money Easy
English - June 12, 2022 02:00 - 31 minutes - 29.1 MB - ★★★★★ - 1 ratingBusiness News News Business Investing Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Whoa that was a shock! An RBA rate hike of 0.5% in June. Even the economists are shocked! This episode looks at the Reserve Bank's game plan - to fight inflation because it doesn't want it to get out of control. But there's a fall out - we dive into what that looks like. And we've got the latest forecasts on what the RBA will do next. Plus - how many of us are actually in mortgage stress and is a 'Recession' on the cards - we break down some myths. Also - did the nation's Energy Ministers come up with a plan to help surging power bills? Barrenjoey Chief Economist Jo Masters and CommBank Senior Economist Belinda Allen join Gillian to discuss. Find out more about Gillian here. And don't forget to FOLLOW, RATE and REVIEW the pod in your pod app.
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