RBA Cash Rate May 2024 | The Inflation Psychology Story

Welcome to the third RBA Rate Release of 2024 with Ben Kingsley and Evan Lucas!  

Here’s a sneak peek into what our hosts cover in today’s episode: 

📺 RBA’s Interest Rate Decision: Find out all about the Reserve Bank of Australia’s cash rate decision, as announced at 2.30pm (AEDT) today! 

📈 Australia’s Inflation Challenges: The Q1 inflation rate is at a stubborn 3.6%, which is above the RBA’s comfort zone of 2-3%. Find out why non-tradables like healthcare and rental housing are giving inflation a nudge, as well as the potential interest rate adjustments in light of the upcoming federal budget. 

🏅 Employment Landscape: While there are mixed trends in US and Australia’s employment situations, Australia shows many positive signs with record-high participation rates and an all-time high in female employment. 

🏠 Property Market Dynamics: Despite expectations, property prices in Australia are on the rise. We’ll explore the ups and downs of the market, driven by high demand in some areas and scarcity in others. Get ready for a deep dive into what’s happening now and what it means for future property investments. 

💰 The Inflation Psychology Story: Ever heard of the “buy now or regret later” mindset? It’s a self-fulfilling prophecy where high prices make people rush to buy, which, in turn, keeps prices high. Ben & Evan discuss this consumer mindset and its effects on inflation. 

Whether you’re a seasoned investor, house hunter, or just curious about economic trends, this episode is a must-listen!  



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