On 3 May 2022 the RBA increased its cash rate for the first time in 12 years. Since then we have seen monthly rate increase and economists are predicting that there might be a few more rate changes to come. Peter Munckton, Chief Economist of Bank of Queensland, and BOQ Specialist Residential Lending consultant, Avril Clutterbuck, unpacks the reasons behind these rate changes and share some strategies that clients could implement to still meet their financial goals.