The Big Mac Index was created in the 80s as a simplistic way of calculating how much the exact same product (a McDonald’s Big Mac) would cost in other countries. According to the latest BMI, the most expensive Big Macs come from Venezuela,  Norway, Sweden & Switzerland.  Australia ranks in the middle of the pack […]

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 cash […]