Dr Sam Wylie

And they make that decision.

Here on Triple J, on the news that interest rates have gone up, they're talking about the RBA interest rate.

They're not talking about the 2.4% or 2.5% the banks had on top of that.

So you want to pay attention to that and think about where the interest rates are going up and find some reliable sources of information like yourself about what's happening to interest rates and think forward a little bit.

Do I want to fix my interest rate?

Is that going to work for me?

Should I talk to my broker?

about that.

So stay on top of what those things mean.

Listen to good sources of information and just sort of think through what your own situation is and what your short-term and medium-term goals are.

But, you know, your exact question was, your direct question, Kate, was, you know, is inflation always going to be bad and what kind of other things is it going to affect?

Well, it's not always going to be bad.

You know, it's just that it's very front-loaded when it comes to mortgages.

Yeah, yeah, no, it's not all bad.

I mean, that sort of harks back to bad experiences that people have had in the past.

You know, in all of culture, there is, you know, not just in economics, but in all of culture and all of, and culture is really the conversation that society is having with itself all the time.

You know, in all of culture, the past is always with us.

And people have the memory of what happened in the 1970s.

We had very high unemployment, low growth, very high inflation.

And so, you know, there's a real negative sentiment associated with inflation.