Interest Rates, Inflation and What It Means for You!
In this episode of The Broker's Lounge, Eddie and Carlo break down one of the hottest topics on everyone’s mind right now: the relationship between interest rates and inflation. What do these two financial forces mean for you, your mortgage and the overall economy?
We start by explaining what inflation really is - how it’s not all bad and why economies need a bit of it to grow. But when inflation gets out of control, the Reserve Bank of Australia steps in with interest rate adjustments to help cool things down. Eddie and Carlo talk about how the RBA uses interest rates as a tool to strike the…
The skinny
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