As we welcome in a new financial year, we welcome another not-so-surprising change…
The Reserve Bank of Australia has once again lifted the cash rate by 50 basis points, bringing the official rate to 1.85%. This marks the most aggressive rate rise in a 3-month period since 1994 (If you’re wondering, back then the RBA lifted the cash rate by 200 basis points)
Tune in as Ben breaks down what this hike means in the big picture and unpack these key themes:
- Is the world’s biggest economy in a recession already?
- The manufactured economic slowdown is now in full swing with another rate rise this month
- Unemployment surprises in the upside beating all forecasts for July
Plus, Ben also includes his latest news and commentary on…
👉 The good and the bad: US Property Market slowdown & the raw material rebound
👉 Unpacking 2 key US data reports: Consumer Price & Core inflation
👉 China’s largest COVID outbreak since 2020 – How is their economic recovery looking?
👉 The European Central Bank’s first cash rate hike in 11 years
👉 Unlocking the mindset of the Australian consumer – are we in crisis mode?
👉 Retail Sales & Inflation: The Biggest Predictor of Slowing Rates
👉 Property Price Slump: Should you be worried?
And much more!
Additional free resources:
And One Final Word…
If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.
Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.
DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.
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