How rising interest rates affect consumer behavior amid inflation concern
As interest rates go up, people are spending less. Big banks in Australia are seeing a drop in consumer spending, even more than what official numbers show.
How high will the interest rates rise in 2023?
Australians should start preparing for a further rise in interest rates in 2023. Higher inflation is putting pressure on the budgets of most households.
RBA official cash rate hikes up to .85%
the Reserve Bank of Australia (RBA) has increased the official cash rate, this time by a further 50 basis points to 0.85 percent, as it tries to curb inflation.