The RBA has hiked the official cash rate to 3.60%, its highest point since May 2012, as mortgage stress worsens across the country.
economy
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"I know it's really hard for people to have to pay more on their mortgages, but it'll be harder if inflation gets too high," says RBA governor Philip Lowe.
Timing the market is like letting a dog choose when to invest, says Paul Clitheroe, so should Scarlett keep dollar cost averaging despite the gloomy economy?
While economic growth leads to greater profits and, in turn, rising stock prices, rising interest rates can do just the opposite.
The headlines are full of rising interest rates, soaring inflation and talk of a recession, so just how worried should you be?
The question right now is if Australia does go into a recession in 2023, will the stock market dip again?
While it's been tough to get a pay rise in recent years, the harsh truth is that a rapid rise in wages could do more harm than good.
The UK disaster is a wake-up call, and Australia has been warned: ballooning debt can cause a financial meltdown.
With inflation soaring, what can we expect when Treasurer Jim Chalmers delivers his first Federal Budget next week? Shane Oliver joins us on Friends With Money.
What's stoking fears of another recession? And what kind of impact would a recession actually have?
