How Do Interest Rates Work? | RMIT University

RMIT University academic Dr Ashton de Silva from the School of Economics, Finance and Marketing explains how interest rates work. Find out more http://www.rm…
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7 Responses to “How Do Interest Rates Work? | RMIT University” Subscribe

  1. amwin7 July 2, 2013 at 3:27 am #

    is there a website that lets you see the rise n fall of interest rates on a national level or is that something you look at with banks individually?

  2. julzzzzzzzzzzz July 2, 2013 at 3:45 am #

    The reserve bank sets the rate…. But the reserve bank isn’t a bank? The big 4 can do what they want… Reserve bank rate means nothing

  3. clcasale July 2, 2013 at 3:56 am #

    they create money. basically out of nothing.

  4. Thomas Northrop July 2, 2013 at 4:55 am #

    So the reserve bank is independent and it sets the official interest rate… Where does the reserve bank get the money from?

  5. Claude St-Arnaud July 2, 2013 at 5:43 am #

    The question is : How can I open up myself a bank ?

  6. AshtondeSilva July 2, 2013 at 6:29 am #

    Just to clarify – the purpose of this clip was not to outline the effectiveness or appropriateness of monetary policy.

    And yes, there are times when the RBA believes the economy may need to be “slowed down”. Interestingly we are seeing the opposite at the moment given the rate cut announced yesterday.

    

  7. StatelessEuphoria July 2, 2013 at 7:25 am #

    Should have clarified that a “slowed down” econom is not necessarily a bad thing in the long term.

    Unless you’re some sort of Keynesian, in which case you need to have a chat with Dr. Kates or Professor Davidson.

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