As we start to close out the year that was, the Reserve Bank of Australia (RBA) has just released its last official cash rate for 2022!
As global economic outlook shifts to a more “positive” note with the US and Australia seeming to have escaped a recession, have we just received another early Christmas present from the RBA?
Tune in to find out if the cash rate has been paused for the first time in 7 months, plus Ben unpacks these key themes in this month’s economic update:
- The slowing of interest rate hikes in the US
- A case for pausing interest rates in Australia moving forward
- How the property market will finish out 2022 and begin 2023
Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in.
Plus, Ben also includes his latest news and commentary on…
👉 The RBA’s Official Cash Rate!
👉 Adjusted OECD Global Outlook Forecasted Figures
👉 Why US interest rates will always go higher than Australia!
👉 China’s low inflation figures yet Zero COVID Policy economic chokehold
👉 Is the Eurozone set to go into a recession in 2023?
👉 Has interest rates finally curbed spending here in Australia?
👉 Employment levels reach record highs!
👉 Property prices continue to tumble (Note: Folks, there is no such thing as a typical National Dwelling Property! Tune in to Episode 418 where we explain why it’s all about “markets within markets”!)
👉 Ben’s Big Property & Economic Predictions for 2023
Plus much more!
Free Resources Mentioned:
🔥 The RBA’s Financial Stability Review – October 2022
🔥 Related Episodes:
- Episode 169 | Alan Oster – NAB’s Group Chief Economist – on Interest-Rate Rise, Tax Cut and The Future of Residential Property
- Episode 389 | Interest Rate Rise: What this means for YOU! – Chat with Evan Lucas
- Episode 390 | Will Interest Rates CRASH the Property Market?!
- Episode 404 | What do Inflation, Interest Rates & Broccoli have to do with Property?!
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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