Why are interest rates at a 15 year high?

Earlier this week, the Reserve Bank of Australia raised the cash rate to its highest level in 15 years, saying the measure was taken to control “elevated” inflation. We’re expecting that the RBA could continue to hike prices in the months to come, as a range of factors influence the prices of goods and services here in Australia. In today’s podcast, we’re going to chat through the RBA”s decision, get to understand why it was made and what it says about the state of the economy.
Sign up to TDA's Finance Newsletter here.

Host: Sam Koslowski and Zara Seidler
Producer: Rosa Bowden

Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful.

The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent.

Want more from TDA?
Subscribe to The Daily Aus newsletter
Subscribe to The Daily Aus’ YouTube Channel

Have feedback for us?
We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.

Shot on Fujifilm.

See omnystudio.com/listener for privacy information.