Interest rates and inflation explained

Interest rates, cash rate, inflation ... these are all terms we hear on the news or read in articles, but not all of us know what they mean or how they affect us. In this debut episode of Let's Get Fiscal, Gemma Acton breaks down what the Reserve Bank of Australia is, what they do with interest rates, and how inflation affects the economy. We also look at hyperinflation in overseas economies, and how money can become worthless.

Gemma Acton is the Network Finance Editor for 7NEWS, filing stories on money and the economy. Gemma has more than 18 years' experience in the finance sector, working for companies such as Goldman Sachs and Merrill Lynch, as well as a correspondent for CNBC. She regularly appears on 7NEWS bulletins across Australia, Sunrise, The Morning Show and The Latest.

Host: Gemma Acton

Anchor/Producer: Damien Haffenden

A 7NEWS Podcasts production for Seven West Media

Information contained in this podcast is general in nature and does not take into account individual circumstances. Consider seeking independent legal, financial, taxation or other professional advice to check how information from this episode relates to your unique circumstances.

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