Australia no longer has a record low cash rate - 0.1% is no more. The Reserve Bank has lifted interest rates for the first time since November 2010 and this is JUST the beginning. BUT DON'T PANIC. We pick apart the RBA's Governor explanation for rising in May when it wasn't so long ago he was suggesting a cash rate hike wouldn't come until 2024. We also look at what's ahead, the impact on your mortgage and your ability to cope, what to do if you're worried PLUS what consumers are up to and what's happening with new lending. And how to tell if mortgage stress is on the rise. Market Economics Managing Director Stephen Koukoulas and Senior Economist Adelaide Timbrell join Gillian for a jam packed episode. Find out more about Gillian here.

<div>Australia no longer has a record low cash rate - 0.1% is no more. The Reserve Bank has lifted interest rates for the first time since November 2010 and this is JUST the beginning. BUT DON'T PANIC. We pick apart the RBA's Governor explanation for rising in May when it wasn't so long ago he was suggesting a cash rate hike wouldn't come until 2024. We also look at what's ahead, the impact on your mortgage and your ability to cope, what to do if you're worried PLUS what consumers are up to and what's happening with new lending. And how to tell if mortgage stress is on the rise. Market Economics Managing Director <a href="https://twitter.com/TheKouk" target="_blank">Stephen Koukoulas</a> and Senior Economist <a href="https://twitter.com/AdelaideTimbrel" target="_blank">Adelaide Timbrell</a> join Gillian for a jam packed episode. Find out more about Gillian <a href="https://linktr.ee/GillianHBowen" target="_blank">here</a>.</div>

Hosted and created by Senior Finance Reporter Gillian Bowen, Making Money Easy looks at finance and economic news and, with the help of some prominent economists and experts, breaks it down to what you need to know. The discussions in this podcast do not refer to your individual circumstances and do not give individual financial advice. You should seek your own independent advice, relevant to you, when making financial decisions.

Hosted and created by Senior Finance Reporter Gillian Bowen, Making Money Easy looks at finance and economic news and, with the help of some prominent economists and experts, breaks it down to what you need to know...

Making Money Easy

Australia no longer has a record low cash rate - 0.1% is no more. The Reserve Bank has lifted interest rates for the first time sinc...

Rates have been hiked - but DON'T PANIC

We'e got the latest data on consumer prices. So what's going up and what's coming down? And how does all this play into the September RBA interest rate decision. It's a big month - it's the last time Governor Philip Lowe will be in charge before he hands over the top job to Michele Bullock. We take a look at what she's likely to focus on and just how big the job ahead is. On the list: inflation, implementing changes from the RBA Review and climate change to name a few. We've packed a lot into 16 minutes! CommBank Senior Economist Belinda Allen joins Gillian to discuss.

<p>We'e got the latest data on consumer prices. So what's going up and what's coming down? And how does all this play into the September RBA interest rate decision. It's a big month - it's the last time Governor Philip Lowe will be in charge before he hands over the top job to Michele Bullock. We take a look at what she's likely to focus on and just how big the job ahead is. On the list: inflation, implementing changes from the RBA Review and climate change to name a few. We've packed a lot into 16 minutes! CommBank Senior Economist <a href="https://www.linkedin.com/in/belinda-allen-1b322134/">Belinda Allen</a> joins <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/">Gillian</a> to discuss.</p>

Cost of living check in ahead of rates decision

The latest Intergenerational Report is out. It's a large document released by Treasury which projects the outlook of the economy and the Australian Government's budget. The 2023 report looks ahead to 2062-63. This episode goes through the key takeaways (your tax future, your superannuation future, your working future, your old age future, your climate change future) and the predicted impacts on the lives of Australians in the decades to come. Some of the scenarios are 'big, dark and scary'. So what can be done now to make a better future? As always - it's a spirited discussion when Gillian has on finance and money commentator, author and head of strategy at InvestSmart, Evan Lucas.

Read The Intergenerational Report

<p>The latest Intergenerational Report is out. It's a large document released by Treasury which projects the outlook of the economy and the Australian Government's budget. The 2023 report looks ahead to 2062-63. This episode goes through the key takeaways (your tax future, your superannuation future, your working future, your old age future, your climate change future) and the predicted impacts on the lives of Australians in the decades to come. Some of the scenarios are 'big, dark and scary'. So what can be done now to make a better future? As always - it's a spirited discussion when <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/">Gillian</a> has on finance and money commentator, author and head of strategy at InvestSmart, <a href="https://www.linkedin.com/in/evan-lucas-44a25316/">Evan Lucas</a>.</p>
<p>Read <a href="https://treasury.gov.au/publication/2023-intergenerational-report">The Intergenerational Report</a></p>

A possible future - it's a bit 'big, dark and scary'

There's been a slight increase in the number of unemployed people (36,000 people) but there's also slight positive. Putting up interest rates while unemployment is worsening, is unlikely to sit right with the Reserve Bank. The economists this episode explain why. We also examine the latest average weekly earnings. They're on the rise. So which state is performing best? Which job? And women are ticking ahead - we reveal why. With jobs and earnings data now to consider - we explain what's likely to happen at Philip Lowe's last RBA board meeting as Governor. AMP Australia Deputy Chief Economist Diana Mousina and St George Bank Senior Economist Jarek Kowcza join Gillian for this look under the economic hood.

<p>There's been a slight increase in the number of unemployed people (36,000 people) but there's also slight positive. Putting up interest rates while unemployment is worsening, is unlikely to sit right with the Reserve Bank. The economists this episode explain why. We also examine the latest average weekly earnings. They're on the rise. So which state is performing best? Which job? And women are ticking ahead - we reveal why. With jobs and earnings data now to consider - we explain what's likely to happen at Philip Lowe's last RBA board meeting as Governor. AMP Australia Deputy Chief Economist <a href="https://www.linkedin.com/in/diana-mousina-5a22442b/">Diana Mousina</a> and St George Bank Senior Economist <a href="https://www.linkedin.com/in/jarekkowcza/">Jarek Kowcza</a> join <a href="https://www.linkedin.com/in/gillian-bowen-7b310215b/">Gillian</a> for this look under the economic hood.</p>

Rates have been hiked - but DON'T PANIC

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