What on earth is going on with interest rates right now?
Dr Sam Wylie, Associate Professor of Finance at the University of Melbourne, explains how interest rates work, the role of the RBA, the housing crisis and more!
💸 What are interest rates, and why do they matter?
💸 How does the monthly RBA interest rate decision get made?
💸 Financial facts vs opinions
💸 What on earth is going on with the Australian housing market, and why does it seem (to an under 40-year-old at least) that things aren’t working?
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Timestamps
04:40 How interest rates work
10:03 The role of the RBA
11:55 Raising and lowering interest rates
13:36 Monetary policy & fiscal policy
16:45 Why did the RBA face criticism?
20:15 What’s going wrong with the housing market?
24:35 First Home Super Saver Scheme
28:10 Getting into the property market
32:08 Fact vs opinion: listening to financial experts