Why We Need To Keep Inflation Low: An Interest Rate Explainer

Since the Reserve Bank of Australia announced a much-anticipated rise in the interest rate earlier this week, there has been a lot of speculation about how this will impact inflation, house prices, and the general cost of living which we all know is on the rise. But how do we crunch the numbers and understand what any of this actually means for our own household budget and bottom line at the end of each month? The Quicky speaks to an expert in economics, and a housing market guru to find out exactly how the interest rate impacts our economy, and what it means for you personally, no matter what your financial situation. *Please note in this episode, the email from our listener Julie is voiced by one of our team members. CREDITS  Host: Claire Murphy With thanks to: Fabrizio Carmignani - Professor of Economics and Acting Pro Vice Chancellor of Business at Griffith Business School Dr Nicola Powell - Chief of Research & Economics for Domain Producer: Claire Murphy Executive Producer: Siobhán Moran-McFarlane Audio Producer: Jacob Round Subscribe to The Quicky at... https://mamamia.com.au/the-quicky/ CONTACT US Got a topic you'd like us to cover? Send us an email at [email protected] GET IN TOUCH: Feedback? We’re listening! Call the pod phone on 02 8999 9386 or email us at [email protected] Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander cultures. Just by reading or listening to our content, you’re helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We’re currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.au Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.