AFP: Australian central bank hikes interest rate — Australia’s central bank raised its key interest rate by 25 basis points Tuesday to a fresh 12-year high of 7.25 percent in a bid to curb inflation amid robust economic growth.. Seriously, probably because I did engineering at university (instead of commerce or economics), I still cannot [...]

It has been a week since the Reserve Bank of Australia raised the cash rate to 6.75% on November 7. You’ll expect the response to be polarised. If you are in debts with mortgage or credit card loans, then expect a letter from the banks demanding more money each week. However if you have [...]