RBA Cash Rate July 2022: Yet Another Cash Hike BUT Why Consumer Sentiment is not as bad as it seems?

And just like that, we’re back with another jam-packed economic and RBA update!  

This month saw the RBA lift cash rates by yet another 50 basis points, bringing the cash rate to 1.35% – the biggest month-on-month increase in 22 years and the highest cash rate since early June 2019.

Here’s our other key themes for this month’s economic update: 

• The world’s leading economies are going to manufacture an economic slowdown to curb global inflation 
• What do we need to do to break our current upswing in the domestic inflation cycle? 
• Consumer Sentiment – how worried should we be? 
• A snapshot look at the 2021 Census Data 
• And finally, an important Property update 

Additional free resources:

🔥 Episode 009 | Buying Counter Cyclical
🔥 Episode 73 | Building a property portfolio in a tough market – Chat with Damian Collins
🔥 Episode 76 | Building a property portfolio after the boom – Chat with Veronica Morgan
🔥 Episode 389 | Interest Rate Rise: What this means for YOU! – Chat with Evan Lucas 

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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