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...

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