If there is anything we have learnt in the last two years, it is just how quickly things can change. Between devastating bushfires, floods, and a life-altering pandemic, being prepared for the unexpected has never been made more apparent.
More than 23 lenders have now passed on a variable rate hike to borrowers after the Reserve Bank lifted the cash rate earlier in May. In the first official rate hike in more than 11 years, the RBA increased the cash rate from 0.10% to 0.35%.
The word ‘inflation’ doesn’t only dominate business news headlines, but finds its way into general news reports too. So, what is inflation and how does it affect you?
Inflation is surging across the entire world. Which countries are forecasted to have the highest and lowest levels of inflation? Today, this is a question in many investors’ minds.
Work out how much super you’ll have when you retire, and if it will be enough to fund the lifestyle you want. It’s never too soon to start planning for a better financial future.