![What is shrinkflation?](https://cdn.mozo.com.au/images/atwood/15855/GettyImages-1366682523.jpg)
What is shrinkflation?
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
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.
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.
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.
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?
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.
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?
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?
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.
Welcome back to Mozo Money Moves, your Friday financial fix that covers the latest in personal finance and retail banking.
Read MoreThis week’s Mozo Money Moves dives into how term deposit rates are shifting and the latest unemployment data. With just over two weeks left until the Reserve Bank of Australia (RBA) meets to decide the direction of the cash rate, the new data from the Australian Bureau of Statistics (ABS) has reaffirmed Mozo’s stance that a 14th rate hike is unlikely.
Read MoreWelcome back to another bumper edition of Mozo Money Moves, where we dive into the latest developments shaking up the personal finance landscape.
Read MoreIn this week's edition of Mozo Money Moves, we dive into the latest Reserve Bank of Australia (RBA) update, and provide insights from the June monetary policy meeting.
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