Unexpected announcements of interest rates lifting by over 30 base points from all mainstream banks surprised many of us last week. Whereas interest rates were predicted to remain low for years to come, now turning on a dime and start rising.

The one-year fixed term rates have lifted from 2.19% to 2.5%. In this video, we'll go into depth on the reason for the interest rates increasing and reveal the tactics on how you can deal with it to minimise the impact.

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Topics Covered:

Video timeline

1. Why the interest rates increase? 01:48

2. What can we do? 05:35

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