Movements in official interest rates are determined by the RBA. Their objective is to ensure that price growth (inflation) remains low and stable and it uses ‘monetary policy’ to do this.
Monetary policy involves either increasing the cost of money (interest rates) to slow the economy down, or lowering the cost of money to encourage spending which promotes economic growth.
Information in this document is based on current regulatory requirements and laws, as at 1 July 2020, which may be subject to change.
When deciding which investments are right for you, it is important to understand the trade-off between risk and return and how to manage investment risk.
By setting goals, planning ahead and being smart with your savings and debt strategies – you can actively grow your wealth even from a
Many investors become concerned when volatility occurs in global financial markets – particularly about the impact on their superannuation and other investments.