What the Latest Rate Rise Means and Four Smart Moves Beyond Cutting Costs
The RBA lifted the cash rate to 4.85% yesterday, and if your budget is already stretched, that news is hard to take. Here is the reasoning in plain English. Inflation is expected to stay above 3% for the coming year, and the Reserve Bank wants to stop higher prices becoming a habit. It is tough medicine, taken in the hope of steadier prices ahead. [...]