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

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