Australia no longer has a record low cash rate - 0.1% is no more. The Reserve Bank has lifted interest rates for the first time since November 2010 and this is JUST the beginning. BUT DON'T PANIC. We pick apart the RBA's Governor explanation for rising in May when it wasn't so long ago he was suggesting a cash rate hike wouldn't come until 2024. We also look at what's ahead, the impact on your mortgage and your ability to cope, what to do if you're worried PLUS what consumers are up to and what's happening with new lending. And how to tell if mortgage stress is on the rise. Market Economics Managing Director Stephen Koukoulas and Senior Economist Adelaide Timbrell join Gillian for a jam packed episode. Find out more about Gillian here.See omnystudio.com/listener for privacy information.