On Melbourne Cup Day, there was one fairly safe bet. Michele Bullock would raise interest rates. And they did, by 25 basis points.

The increase to 4.35% will be a bitter pill for borrowers to swallow, and in some ways it feels the economic stakes have never been so high.

Today Sascha is joined by Jennifer Duke and they talk about why when so many of us are feeling the pinch, is the RBA still raising rates?

Want more Equity Mates? Click here. 

In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

*****

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. 

Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 

Equity Mates Media operates under Australian Financial Services Licence 540697.

The Dive is part of the Acast Creator Network.

Hosted on Acast. See acast.com/privacy for more information.