Rich Harvey

So as I said, there's sort of six particular people that you need on your team and very, very worthwhile paying your advisor as well to help you get a fantastic outcome.

Absolutely.

It's great to have a break away.

We recommend everyone have a refresher because it makes you operate better when you get back to work.

Good morning, Craig.

Yes, it certainly is.

I mean, we've had this week the Federal Reserve Bank in the US jack rates up by a record 0.75% in one month.

Inflation is pretty out of control there, but it's a very topical subject right here throughout Australia.

It certainly did.

I mean, the RBA had said there's going to be no interest rate rises until at least 2024.

And then they changed their tune and they've lifted rates 0.25 in May and 0.5% this month in June.

And that takes the cash rate now to 0.85%.

So it's a lot sooner than they originally indicated.

And it's simply because there's been a spike in inflation.

There's huge supply chain issues.

which has become deeply embedded right across the world, and it's jacked up the prices of a lot of goods and services.

It's a lot of, obviously, related to COVID-related shortages that we're seeing in the supermarket.

But of course, the Russia-Ukraine war is having a major impact on petrol and oil prices.

And

that's really inspired inflation to get above almost 5% in Australia.