She's On The Money - The RBA: Who’s Calling the Shots and How it Affects Your Rates

Episode Date: April 28, 2026

The cash rate. It’s up. It’s down. Honestly, it’s giving ‘chaos’ when it comes to our everyday spending. Almost as if the cash rate rules everything around us… In this week’s Deep Dive, we’re taking on the RBA; who they are, what they do, and how they call the shots when it comes to the cash rate.  We’ll explain how often they meet, what facts influence their rate decisions and how to be more financially prepared for whatever they throw at us. Because whether you’re investing, running a business, looking for a job or simply trying to get by, the cash rate impacts us all. Consider this episode a cheat sheet for what the Reserve Bank of Australia actually looks like and how to read the signs before the notifications roll in. We’re covering all the gory details including: inflation data, unemployment rates, wage growth, everyday spending, housing prices and how global factors impact our economy. With real life examples, plus savvy money moves you can make to help prepare for the shifts, this episode will help you finally make sense of it all. So, if you’ve been a bit mystified by the RBA, how they decide on our cash rate, and why those rates might cause celebration or commiseration, this episode’s for you. Join our Facebook Group AKA the ultimate support network for money advice and inspiration. Ask questions, share tips, and celebrate your wins with a like-minded crew of 300,000+.And follow us on Instagram for Q&As, bite-sized tips, daily money inspo... and relatable money memes that just get you.Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.See omnystudio.com/listener for privacy information.

My name is Natasha Bamblett, I'm a proud First Nations woman, and I'm here to acknowledge country. Tii, gilinyan ganya, nianakaka yao yinbina waka, nianakai nianbina yakarumja, duminyagumiga dumiga ithawaka nirawamundamun imalan. Mumu bangada boma ininyalan waka, gaunan yakarumja, wutunarana. Hello beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge and respect the Aboriginal people's land that we're gathering on today. Take pleasure in all the land and respect all that you see. She's On The Money podcast acknowledges culture, country, community and connections,

bringing you the tools, knowledge and resources for you to thrive. She's on the money. She's on the money. Hello and welcome to She's On The Money, the podcast that helps you feel confident with your cash, even when the economy is doing the most. And today we're talking about something that stresses the absolute life out of so many of us, the RBA rate decisions, why they make them, and what actually goes into those decisions, and how you can get better at reading the signs instead of just sitting there hoping for a rate cut every month. Because let's be honest,

every time there's an announcement, it feels like your financial future is hanging in the balance. I'm Bex Side, and with me is a woman who can look at inflation data and somehow make it make sense, victoria divine i try i do a really good job and i'm pretty look we saw it you're pretty oh thank you no we saw it coming right we knew that interest rates were going to increase i don't we know well i can tell you yeah don't let me spoil the whole episode but we'll get into the who what why when we're in how of the rba but i think this is going to be an important chat because it's not just like, hey, interest rates have gone up again. Oh, stuff's going to be more expensive.

This is more, what is the RBA? How does it work? Why does it work? Is this Albo's fault? Right. And I think this will be helpful and also sad because sometimes it's nice having someone to blame, even if they're not the right person to blame. Yeah, yeah, yeah.

I'll give you someone to blame by the end of this episode. You're welcome. Perfect. But spoiler, it's not Albo. Oh, okay. And it's not because I'm trying to defend him. Hey. It's just not his fault.

Okay, good to know. But if you still want to blame him, like Pop-Off Queen. Yeah, go for it. Why not? Yeah. All yours. This episode actually came from a DM you got, didn't it? It did, and I've brought the DM along because I feel like this DM is reflective of a lot

of DMs I get. So this one said, Hey V, do you know any good resources to understand all of the things that go into the RBA's decisions? I'm really stressed at the moment, but would love to actually be able to understand it and not just blindly hope for a rate drop every single time and honestly same yeah like I also feel like we're all hoping for a rate drop especially because we just had as I mentioned a rate decision so that happened on the 17th of March where the RBA made the decision to increase the cash rate to 4.1% which yeah Bec it was actually expected lots of economists all of

the banks were saying, oh, we're going to get a rate increase. I was blindly hoping and crossing my fingers and all of my toes and all of my legs and literally everything. I even put braids in my hair that it wouldn't happen. But it was still pretty disappointing because we're in the middle of a cost of living crisis and it just, it feels like another nail in the coffin, but it was expected. So today my plan is to give you a bit of a cheat sheet from what the RBA actually looks at how these decisions are made and how you can start reading the signs before the announcement hits your phone and you won't go, oh, people were kind of saying that that might happen, but I don't fully understand why. Hopefully by the end I can have you going, oh, that makes a

lot of sense. Yeah. It's trash. Still, I didn't want that to happen, but I understand why. Because that will make it feel a whole lot less chaotic. So V, who actually decides if rates go up or down? Not Albo. Not Albo. Not Albo. But lots of people want to blame him. So this is where I think people are often a little bit surprised. So it's not a politician, it's not the Prime Minister,

and it's definitely not based on public opinion. Rate decisions are made up by the RBA's Monetary Policy Board. Okay. The RBA, just to step back a little bit, is the Reserve Bank of Australia. They're not a normal bank. They're a cool bank. Okay. And we'll get into that a little bit later. But the RBA is kind of like they're the governing board of what the cash rate looks like. Different banks actually borrow money from the RBA like they're the big dogs. And this RBA's Monetary Policy Board is a group of nine people and their entire job is to look at the economy and decide whether money needs to be a little bit more expensive or if it needs to be cheaper.

Okay. I mean, as a lay person, I'm like, just make it cheaper. Right, right. That would be so nice. And these guys, they meet eight times a year and these meetings aren't quick. They don't just like have a coffee catch up. They are two day deep dives where they meet and go through huge amounts of economic data, which might sound really boring, but low key, I would love to be a fly on the wall in one of those meetings one day. So if you want to invite me guys, I could be the 10th person. I really could. But this board, it includes people like the governor, the deputy governor, the treasury secretary, and then six external experts. And those external members, they're actually really,

really important. So these people are chosen because they are specialists. Like they're not just specialists in money, but specialists in different areas. So they're specialists in economics, the labor market and financial systems, not because they're corporate figureheads. Like They're not like, oh, well, you're the CEO of BHP. Like, they're actual just subject matter experts who are really good at deep diving and poring over data and understanding it and being able to explain it. And they are specifically not allowed to have jobs or roles where they could benefit from the decisions that they are making. Got you. So, like, they couldn't be a CEO of a business.

Like, if they benefit from the decisions that the RBA is making, they wouldn't be on the board. Oh, this is very comforting. Well, yeah, because it's a whole structure built up to support our economy, not to just make political decisions, right? So the whole point of this structure is to create debate. It's to challenge assumptions and to avoid what they call groupthink, which is where kind of everyone gets together and goes, oh, the money should be cheaper, right? It should be cheaper. We all want the same thing. Let's just do that.

I see. Okay. So the government doesn't actually control it at all. I've seen so many people blame Albo, but it's not really Albo or the government. Albo doesn't get invited. He's not invited to those meetings. Yeah, like I'm sure he would love to be invited. Of course.

But sorry, he's not allowed and that is a very important distinction. So the RBA is completely independent from the government. So while the government can set the framework and appoint board members, they actually can't tell the RBA what to do. They're independent. And they can't call and say, hey do you reckon we could get a little bit of a cheeky rate cut before elections do you reckon that would be possible they'd be like get in the bin that's not an option so that independence is

there to protect the long-term health of the economy and of our country it's not there to go yeah Beck deserves cheaper food yeah yeah like go on even if the decisions are unpopular in the long-term they are being made so that our country is financially okay into the future i see so it's a bit of trash because it it's like short-term pain for long-term gain but yes politicians they might comment but the decision itself actually happens in a completely separate lane it's got nothing to do with them i'm being like so like above the government always so you're like they can't tell me what to do no they can't that's crazy they can't and so they're kind of like well well, here you go, government, this is what we've decided.

And the government's like, well, shit. Well, what do we do? Exactly. So it's not emotional. It's not political. It's purely data. It's just data, babe. Okay.

It's just data. And no one in that room is just making decisions based on vibes, unfortunately, because if they were, they would pick up that the vibe is off and we need to catch a break. Absolutely. Read the room a little bit, guys. They can't read the room. In fact, they actively choose not to read the room.

Yes, that's fair. Rude. But they are looking at data. They're looking at forecasts. They're doing some risk modelling and some probabilities and they're asking what decision gives us the best chance of keeping our economy stable because that is very important. And they have to make that decision even if it frustrates households.

It does. They know what's best for us and it might hurt. It might really hurt in the meantime. Exactly. That's really sad. I don't want to call the RBA our annoying older sister. But they kind of are. But my sister has an annoying older sister.

And she's always right, isn't she? Well, that's exactly it. She's always right. It doesn't mean it's good for you, like in the short term. You might not want to hear it, but it's going to happen. It's annoying. So what are they actually trying to achieve when they change the rates? Well, they're not trying to piss us off.

Well, they're doing a pretty bad job of that. Yeah, right? They're not trying to piss us off, but they are. But at its core, the RBA has, I would say, two main goals. So the first is to keep inflation under control. We don't want inflation to become astronomical. Inflation different to RBA? Yeah.

So inflation is what is going to make your stuff every day more expensive. And their other goal is to keep people in jobs, to keep people employed. That's it. That's their goal. Okay. Yeah. Keep inflation under control. Keep people in jobs. Yeah. That's your job RBA. Do it. So every single decision that they make comes back to two questions. Is the price of goods and services rising too quickly? And are people able to find jobs when they need to? We talk about the

unemployment rate a lot. This is what the RBA plays into. They are trying to make money cheap enough that people can employ people. Money gets too expensive. I can't afford to hire you. Sorry. because when inflation gets too high, everyone feels it. Not just you and I going to the grocery shop, but you and I going to the grocery shop and then not getting a raise at work or maybe workers saying, oh, inflation's kind of cooked. We can't afford to hire more people. That affects the whole economy. And your grocery bill creeps up, your rent goes up, your money just doesn't feel like it stretches as far as it used to. And even if your income hasn't changed, you feel poorer because you are yes like you're not just feeling poor you are poorer because your money isn't

buying what it could last year yeah you used to get more for less and we liked that deal that was a good deal yeah when inflation is too high what the RBA does is it goes Beck's grocery is pretty cooked at the moment we're gonna have to increase interest rates so that people are paying more to borrow money so that things slow down. It's not going to reset it. It's not going to take money back to where it was. Unfortunately, I don't think we'll ever see the day of a 50 cent McDonald's cone again. That's crazy. But what they will do is go, oh, that's happening too quick. They've had too many price rises too recently. We're just going to increase interest rates and by increasing interest rates, money's more expensive. So therefore the rate of groceries is not going

increase as fast as it has been. So hopefully we can keep that under control. We're going to put a cap on it. We're going to put the lid on. And what about unemployment? So when unemployment rates rise, the economy, it gets a bit wobbly. So there's more people that are looking for jobs. Less income means less spending. Because like if you don't have a job back, what are you doing? Tightening your purse strings. You're not going out. You're not, you know, buying as many discretionary items. Businesses start pulling back. And what that can lead to, to be quite dramatic is a recession. And we don't want a recession, Bette. That's a terrible thing to happen. So as much as we do not like interest rates increasing, it's stopping us going through

a recession, which would be even worse for you than an interest rate increase. So in this scenario, the RBA might actually cut rates to stimulate the economy. Because if I say, hey, Bette, money's cheaper. You can get more stuff. What are you going to do? You're going to spend more. So every decision comes down to a balancing act. Yeah. Like they're trying to work out, oh, is this economy too hot? Is it too weak? And their job is to keep it like in the middle zone, to keep it just right.

Like not too hot, no too cold, just right. So the RBA is Goldilocks. Yes, I see. I wonder if they've ever like been like, oh, that was a bad idea. So. Well, yeah, they have because you can't predict the future. Totally. So there's been times where they've increased interest rates and then they're like, oh,

that didn't do what we needed it to. We need to pull a different lever. So like they're not immune from being wrong. They make mistakes. They make mistakes too. Yeah, I see. But they're doing like the decisions that they're making are being made hopefully in the best interest of the country, not the individuals. Got you, got you, got you.

Because if you just look at individuals. Yeah. We're going to make some pretty good, I would say good decisions. Yeah. Because I want more money in people's pockets. I want Centrelink to pay more. I want all of these things. but that doesn't help the country. I see. Okay. So when they sit down for these meetings,

what are they actually looking at? Data. So much data. But there are a few things that they're looking at, right? First is inflation data. I would say that's the biggest one that they look at. They look at whether prices are still rising, how quickly those prices are rising and how widespread those increases are across the whole economy. Like, is it just a couple of things or is it everything is it like you know cheese is more expensive okay well maybe we don't need parmesan every week or is it your whole damn grocery basket and it's like the bread and the milk and the eggs then you've got wage growth so are people earning more fantastic but is that sustainable like can we maintain that as a country because if wages grow too slowly they're not

keeping up with inflation and then households are going to struggle yeah but if they grow too quickly and you get lots more money than you used to have, what that does is push inflation higher because you've got more disposable income as a country. It's not about the individual. It's about as a whole, like, yeah, Bec can afford a few more ice creams. Fantastic. Does that impact the economy? Well, yes, it does because there are millions of Becs. And if millions of people have a little bit more each week to spend, what does that look like for the whole country? Right. That's good. Yes, but it's not good sometimes too. And then there's unemployment and then the job data. If jobs are strong, the economy has momentum. Fantastic things are moving. If unemployment starts rising and there are more people with less jobs, that's a sign that things are going to start slowing down.

And then, as I said before, household spending, massive one. If we've all got more money, we're stimulating the economy. If people are spending freely, the economy is strong, fantastic. Like the small businesses out there, they've got money coming in the door. But if people are pulling back, that then tells the RBA that their previous rate hikes, they're working. Okay, got you. So sometimes we do want people to pull back on their spending. okay so they're saying hey spend less for a second yeah but we can't tell people to spend less

because they won't do it because on an individual level you'll be like well i don't really care i've got 100 bucks in my bank account i'm gonna spend it how i want to spend it so what they have to do is make the world more expensive so that money that you have can be spent on less stuff i see it almost feels cruel it is it's rude but it kind of makes sense when we start like breaking it down right like we need to have a country that can maintain its roads we need to have a country that has a health care system we don't want to be a country that is in such significant debt that it then ultimately impacts us we don't want to become greece yeah okay got you i see greece is historically for those of you following along terrible economy billions billions and billions

of billions of debt like yeah i see they're not recovering from that and that is impacting their entire economy i see oh my god they'd seem like they got their shit together yeah they've got nice beaches they have really nice beaches yeah um that's making up for it yeah i reckon so what about the bigger picture what about like what's happening globally globally greece has got great beaches. Yes, that's true. But unfortunately, Australia, we don't operate in a bubble. So other countries do impact us. So what's happening right now in the US and in China and globally actually matters a lot when the RBA is making these decisions. So for example, if US inflation stays really high and they keep interest rates elevated, that impacts our dollar

and how much our dollar can buy internationally and our own inflation pressures start happening, right? Because like if we import things from the US but it's really expensive to spend our money in the US, that's going to impact us, right? So things like back to oil prices, they're a really good example and I feel like that conversation has been blowing up in my news feed recently.

Like everyone's talking about how expensive oil is and like we only have X amount of days left of petrol and whatnot like that is going to stress people out but if oil prices rise globally that then flows into higher fuel costs here it flows into your household because you're spending more money on petrol instead of on groceries you've got less wiggle room in the budget because it's more expensive to fill your tank up which then pushes up the cost of things like transporting goods and services and that then feeds into inflation so even though it feels very local like it feels like it's just happening in our own back pocket. The RBA is constantly looking at global pressures

as well because they have to. They have to kind of predict what's going on to put us in the best possible position. Right. Okay. So, well, actually, I think this is a really good time to have a quick break. Bex, like, that was a lot. Yeah, it's a lot of information to digest. When we come back, let's figure out how to stop guessing what the RBA is going to do next and actually read the signs properly. Okay, Bea, so we've just unpacked who's actually making these decisions and what they're looking at behind the scenes. But how do we take all of that and actually rig the signs ourselves without just manifesting a rate cut every month? You could continue to manifest a rate cut. Is that okay? Well, I'm not going to lie, I do. So as I've said before on the podcast,

may your delulu come true true yes thank you like I am slightly delusional whilst I have said a million times I don't believe in manifestation because like you've actually got to get out there and do the work like you want a new job great you can't just manifest a new job you're gonna have to do your resume you know sure like there are some things that we need to do yeah but it does get interesting when we start trying not to manifest it and just try to understand it properly because Bec, once you know what you're looking for and how that works, you can start to kind of piece together the likely direction. You don't have to do this. You could just ignore it. But I think that understanding this is really important. If inflation is clearly falling, that's a good sign.

It means that pressure is coming out of the system, out of the economy, and the RBA is less likely to keep hiking so you know how like the banks come out and they go oh we predict that the RBA is going to increase rates well they're not just going oh that feels good they're going we can see the inflation is increasing that's not good and the RBA is probably going to knock us back a few pegs make it more expensive because they need to like they've predicted that because they're like this is how the system works they're not just super smart they're not you know mind readers if that makes sense then if unemployment starts rising that's another signal that the economy is slowing down because people aren't hiring people if their businesses aren't doing

well yeah true which can then bring a rate cut closer because then the RBA is like well so many people in our economy they're not getting jobs we need to cut the rates so that businesses can afford to hire some more people because like these people don't have jobs and then if retail spending drops what that tells the RBA is that people are pulling back yeah okay you're going oh I don't have as much like you know disposable income like lame but I'm not going out and buying like a pair of Peter Alexander pajamas because I don't need them I just wanted them probably not going to do that right like we're not talking like oh food and milk and bread and stuff we're talking like retail yeah like luxuries yeah like luxuries like new jammies like stuff like that right

which is exactly what higher rates actually designed to do they're designed to stop you from spending your discretionary income on frivolous things essentially but if inflation starts rising again that's a red flag beck red flag that's when the rba might need to step back in and go, hey, nah, nah, nah, we're going to have to put some more rules in place. We're going to maybe have to increase rates again so that there's less discretionary spending because discretionary spending drives inflation. And if inflation increases too quickly, none of us can afford stuff. Got you. And I want you to afford stuff. Like if inflation just kept growing back, loaves of bread would get to 50 bucks. That's crazy. Right? So I'm not saying that a loaf of

bread is going to cost $50. But like, it's astronomical. The other day I literally spent, I think like $9 on a loaf of bread. Don't get me wrong. It was a nice loaf of bread, but I kind of was like, oh, at checkout, I was like, it's bread. Isn't bread like a dollar? Like in my head, bread is like, it's cheap. It's wild. That's a lot. But if inflation kept rising, bread would get to 50 bucks. So the RBA's job is to make sure that that doesn't happen for you. So it feels like they're being mean yeah I see but they're not so we can actually see this in our real life yeah like the bread so your grocery bill increases you go to the shops and you're like wow you know groceries used to cost me a hundred bucks a week you can't get away with that anymore no way absolutely not

right so you're seeing that in real life that is inflation you go to the petrol pump you put petrol in the car you're like oh I don't know 60 bucks used to fill my tank nowadays a whole tank no mate that's over a hundred dollars I know it's that's crazy that's global cost pressure friends you're chatting to struggling to find a job struggling to find a work like you're having those conversations more regularly that's a weakened job market that's not just your friends that's everybody you go to the shopping center you go to shop like i don't know chatty on the weekend and it's a bit quiet in comparison i don't know you turn up on saturday and you're like hold on this used to be like real busy on saturdays like this used to be chaos yeah why

am i not anxious and overstimulated right i'm meant to be really overstimulated guys come on you're meant to stress me out what you're gonna look at there is like oh that's spending slowing down. Yeah, I see. These aren't just headlines. They're signals. They're telling us that the economy is doing economy things. Yeah. Okay. So what do we actually do with all of this information? You can put it in group chat. Be like, I'm so smart. Okay. Petrol prices are rising. That's global cost pressure. But also the goal isn't to predict it perfectly. Unfortunately, nobody can do that it's to prepare so a few practical things from me get this you're going to be so shocked get your emergency fund together oh that you didn't see that coming no yeah I see but when

things are feeling unstable build a buffer yeah like get your emergency fund together like so that you can feel a little bit more financially supported I know I'm not an idiot I know that that's really hard right now but future you is gonna thank you for the extra 20 bucks even if it is 20 bucks right like when money is tight it's not oh beck you should have had a thousand dollar emergency fund that wasn't gonna happen no but if i said look if you can like cut back on a few coffees here or there and like get a few extra dollars in your savings account i promise future you is gonna go oh thank god i had access to that yeah like it's the small things that are going to take a little bit of pressure off. You don't need to feel as stressed. And you might

still because you go, V, there's literally nowhere in my budget I can cut back. And that's okay too. I totally get it. But if you can, that's really good advice. If rates look like they're going to pause, that's your chance to build up your offset or your savings account and review your interest rate regularly. So if you have a mortgage, consistently review it. Obviously having a good mortgage broker, like the mortgage brokers are Zella Money. I would recommend that. We have our finger, and this is like obviously me promoting my own business, but like having a good relationship with a mortgage broker means they're going to have their finger on the pulse. Like even me at this point in time, I'm looking at it and going, what I like is consistency. So like, I don't love that

interest rates are increasing. I don't think they're going down soon. I have a mortgage that puts financial pressure on my family and like that's okay but at the moment I'm even looking at like do I lock in my interest rate hopefully interest rates go down like last year they were talking about it going down so I think a lot of us are holding on to hope that that happens but I'm like you know what I would prefer I'd prefer to lock in my interest rate right now even if interest rates go down at least I can predict it yeah whereas if interest rates increase again, which they might, I just don't want more money coming out of our budget to go towards our mortgage if I could lock it in. Like I'd prefer to like pay a consistent higher amount just for

consistency because I look at it and go, oh, well, if interest rates increased by like 0.25% again, that means I actually do have to really change my budget and like we're going to have to change what we do and, you know, how we spend. Whereas I just, let's just make it predictable is how I'm personally feeling at the moment I totally agree does that make sense like you kind of go well I'd prefer to and bad example but I'd prefer to pay 50 bucks a month for my phone plan then you know potentially have a $20 a month phone plan that could go up to 50 at any point like just just give me something that I can predict I know and at times of uncertainty you just want to be like tried and true and like yes I could save a few dollars but it's not I will it's like the

opportunity to. Does that make sense? Absolutely. I really, really agree with that. Banks get really competitive when rate hikes slow down. So I wouldn't be sitting there and just paying more than you need to. Like I would also be reviewing it and making sure that I'm okay with it. And that's why I say have a good relationship with a broker because they can sit down and look at your budget and go, well, Bec, you know, if interest rates increased, yeah, maybe it would cost you 60 bucks per month more. You can afford that though. That's all good. Or it might be the opposite or maybe you do need to like freeze your interest rate because 60 bucks a month that's going to have to come out from somewhere else yeah and like that's going to impact your

quality of life like you probably don't want that big yeah on the flip side if you're renting and you don't have a mortgage which is normal I would say understand that rate movements can then flow into your rent over time no this is what I don't like it's bullshit right yeah so it's not our I would use stable periods to strengthen your position. So like, you know, your savings and making sure that you're okay, because as much as it should not happen, landlords sometimes get cheeky and pass on the rates to you. They go, oh, so many rate increases this year. I'm going to charge back 10 bucks more a week because it's costing me more. And personally, I don't believe that's how it should work, but ultimately that's what people do, right? And then more broadly,

I would use this context to make better career and financial decisions sure so like if the job market is softening maybe like that's not the time to randomly quit your job without a safety net Beck Syed I really regret that I gotta say but but also I don't think you regret that I think you're happier because like I know you well enough to know that that was a good decision for you personally but if you and I went to the pub with a friend who's like oh I bloody hate my job yeah I think the advice we would be giving is like, oh, like probably just hold on and wait and see, or like maybe make sure that you've got another job to go to before you, you know, jump out of that ship because like you want your friend to be okay, right?

And when it comes to investing, because obviously that's going to be the next question, people are like, well, what about my investments? We are focusing on the long term. Markets move before rate decisions are even announced. Like people get angsty. They get a little bit like, oh, what's going to happen? Maybe I shouldn't. Maybe I should.

and, like, you'll see more volatility in the market during that time. So reacting emotionally actually usually does more harm than good. I see. Take your emotions out of your investments. Yes. Take your emotions out of everything. That's a good idea. Even quitting your job.

Yeah. Go, all right, putting my emotions to the side, this income, I might need it right now. Yeah, yeah, yeah. But also – No very good points. I know, but also, like, on that. Yeah.

I don't want our community to hear, Victoria said, stay in a bad job. No. Your mental health is also incredibly important. Absolutely. But we also need to make pragmatic decisions for future us. Yes. So, like, we need to find the balance.

That's so true. That is needed to disclaimer that because I'm like, don't stay in a bad job. No, please don't. Don't put up with that. But sometimes we have to just troop on for a little bit because money's hard. Money's hard. Don't be me, but be somewhere between me and Victoria. Yeah.

Yeah. That sounds good. So, there are some really good takeaways here. I'm really liking it. I would like to think that there are, and I think the biggest one from all of this conversation about the RBA is that the RBA's decisions sometimes can feel really unpredictable, like we don't know what the heck's going on, but they're actually very structured and they're not decisions that the government makes.

Once you understand what you're looking at and how that works, it becomes, I would say, a lot easier to make sense of what the heck's going on in our economy. Okay. And maybe panic a little bit less? Yes, no panicking. We don't need to panic. Like, we need to just calm down. Put the sign up in your kitchen.

Keep calm. Carry on. You won't look like a loser at all. It's all good. But, my friends, if this episode helped you finally understand what the RBA actually does day to day, you know what we would love, Bec? If you sent it to a friend who also spirals every time there is an announcement. Yeah. And if you want more episodes that break down exactly what's happening in our economy so that you can feel a little bit more in control, make sure that you are subscribed.

Absolutely. And we'll be back again on Friday. See you guys. Bye, guys. The advice shared on She's on the Money is general in nature and does not consider your individual circumstances. She's on the Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's on the Money are authorised representatives

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