The interest rate decisions of central banks are always a hot news item. Decisions on official cash rates can affect the lives of many people, particularly those with a mortgage. So, what are the roles of central banks and how do they use interest rates to influence the wider economy?
To learn about the concept of the interest rate set by the central bank and how it may affect our financial environment, check out the Financial Wellbeing Program topic, Interest rates: what are they good for?
And for those looking for inspiration in taking steps towards better budgeting, check out the Financial Wellbeing Program topic, Five budgeting tips and five common budgeting mistakes, another new resource for the month of May.
All our employees have free access to the Financial Wellbeing Program to support your wellbeing and learning.
Whether you’re just starting to think about your finances or are looking for ways to improve your money management skills, this month’s program is a great way to refresh your outlook.
The program offers bite-sized education modules covering everything from budgeting on payday to securing your future for retirement. Learn at your own pace and optimise your learning by undertaking the modules that best meet your needs.
To discover more topics and modules, visit the direct access link to the Financial Wellbeing program hosted by Money101 here.
Disclaimer
This article and the Financial Wellbeing Program by Money101 do not aim to provide personal financial advice. The Program is designed to provide you with financial education to enable you to make better financial decisions.
Approved by Chris McLoughlin, Executive Director, People and Culture