Key events in August 2022 High energy and food prices, rising interest rates and the conflict in Ukraine remain the key concerns for the global
“The promising global economic recovery is now being threatened by high inflation, rising interest rates and the conflict in Ukraine. Global share markets have delivered disappointing returns given these prominent risks and the possibility that a recession may occur in the next year.”
Key takeaways
It’s important to remember that interest rate increases are gradual, and while uncomfortable now, they will help to control rising inflation
Interest rate rises can affect your super balance depending on how your retirement savings are being invested
When reviewing your finances, consider building a buffer for further rate increases that might affect your mortgage repayments and speak to a financial adviser.