Property Investment, Success & Money | The Michael Yardney Podcast cover image

13 things to know about the Australian economy right now, with Ken Raiss

Property Investment, Success & Money | The Michael Yardney Podcast

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The Current Account Returns to Deficit

The banks were very quick to increase rates, but they're very slow to increase deposit rates. And to me, that's an unfortunate thing. Raising deposit rates then has a raise as the cost of money to a bank. But there's a very large proportion of the population that relies on interest income to survive self-funded retirees.

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