Well, brace yourself. Because there’s another interest rate hike on the way. And just like we’ve seen for four months in a row now… it’s going to be a doozy.

The RBA is tipped to announce the hike today, and it could be as much as 50 basis points, which would take the cash rate from 1.85 percent to 2.35 percent - the highest its been since early 2015.

Some people are already struggling with cost of living and interest rate increases - so what does it mean for them?

Research Director for financial comparison website RateCity Sally Tindall joins the show to explain.

Well, brace yourself. Because there’s another interest rate hike on the way. And just like we’ve seen for four months in a row now… it’s going to be a doozy.
The RBA is tipped to announce the hike today, and it could be as much as 50 basis points, which would take the cash rate from 1.85 percent to 2.35 percent - the highest its been since early 2015.
Some people are already struggling with cost of living and interest rate increases - so what does it mean for them?
Research Director for financial comparison website RateCity Sally Tindall joins the show to explain.

If you enjoyed listening to The West Live for your daily news fix, then come and join us over on The Nightly Five.  Host Ben O’Shea continues to deliver punchy news and analysis, in a new podcast to get you in front of tomorrow’s news today!  Subscribe on your favourite podcast player and visit the thenightly.com.au

If you enjoyed listening to The West Live for your daily news fix, then come and join us over on The Nightly Five.  Host Ben O’Shea continues to deliver punchy news and analysis, in a new podcast to get you in front of tomorrow’s news today!  Subscribe on your favourite podcast player and visit the <a href="https://thenightly.com.au">thenightly.com.au</a>

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