More than 1.1 million Australian households have never experienced a cash rate hike.
But after more than 11 years of the Reserve Bank cutting rates, rises are finally coming.
How do we know? It’s all in what the RBA is now saying and it has sure been doing a lot of talking.
ANZ senior economist Adelaide Timbrell and St George Bank economist Matthew Bunny join Gillian to discuss how a rate hike will affect people and the economy.