Why the Reserve Bank isn’t done yet | ABC News Daily

Why the reserve bank isn't done yet | abc news daily

ABC News (Australia) published this video item, entitled “Why the Reserve Bank isn’t done yet | ABC News Daily” – below is their description.

The barrage of interest rate rises continues, with the Reserve Bank lifting the official cash rate for the sixth consecutive month. The rate rises aim to hold back inflation, but they risk hastening an economic downturn. Today, Alan Kohler on how new homeowners are caught in the middle.

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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