Squiz Shortcuts: Understanding interest rates

The Reserve Bank of Australia has just released its latest interest rates decision. It’s always a big news story - with journalists racing to publish it and economists called on to analyse the impact. But it’s also a topic which can be hard to get your head around. So in this Squiz Shortcut, we’ll decode some of the jargon and explain how interest rates work and the impact they have on our lives… Presented by Andrew Williams and Anna Pykett Researched by Andrew Williams SPONSORED: CommBank Next Chapter program offers free and confidential help, even if you don’t bank with them. SPONSORED: You can dive into the Deakin University research here. Squiz Recommends:  Reading: The RBA’s own explanation of the cash rate and what it’s trying to achieve… Reading: This article, put out by the ABC the last time the RBA raised rates in May, gives some helpful context for the decision… Squiz Shortcuts is your back story to the big news stories… Want the email version? Sign up for the Shortcuts newsletter here