What is shrinkflation?
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
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Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
Official interest rates, also known as the cash rate, have been the source of countless news stories in recent years, with each movement generating plenty of chatter about the state of the economy, monetary policy, and the general direction it’s all heading.
When shopping for a home loan, you’ve probably noticed something called a comparison rate sitting beside the interest rate. But what is the difference between the two? Why is the comparison rate important?
The Reserve Bank of Australia has held interest rates steady for two months in a row. Inflation has slowed meaningfully enough for the central bank to wait and see for now, which is great news for those struggling under the weight of rate hikes.
Rainy day funds are essential, and earning interest is a fantastic and easy way to give them a boost. But how do the banks calculate your interest payments?
When you take out a loan, whether it’s a car loan, home loan or amount on a credit card, you’ll have to pay back both the amount you borrowed and interest on top of it. But what do we mean by that?
There are a lot of things you need to research and consider before making any kind of financial decision. One of those is your interest rate.
Good question. An interest rate is a fee you're charged for borrowing money, expressed as a percentage of the total amount of the loan.
The flip side of variable interest rates, fixed interest rates are one of the two main types of interest you’ll come across when choosing a loan or bank account.
Mozo has compiled this handy guide to give you the rundown on the facts, features, pros and cons of variable interest rates.
Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape.
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The term 'Trumpcession' is a mash-up of 'Trump' and 'recession', referring to a potential economic downturn linked to US president Donald Trump's policies. With Trump now back in the White House, his administration has moved quickly to implement a series of tariffs on a range of imports – including those from China, Canada, Mexico, and from here in Australia.
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Welcome back to Mozo Money Moves, your weekly interest rate wrap that keeps you up to date with what’s been going on in the world of personal finance.
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This week’s Mozo Money Moves takes a step back from our recent focus on how variable home loan and deposit rates have responded to the RBA move.
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