RBA Cash Rate November 2022: Rate Hike Again But When Will It Stop?
Episode description
While the race that stops a nation will have the eyes of Australians everywhere today, another decision drawing just as much interest has been released.
In the Reserve Bank of Australia’s (RBA) November release – which happens to coincide with Victoria’s Melbourne Cup Day – Ben breaks down our seventh consecutive rate hike from the data behind this decision to how can we, as consumers, can curb interest rates.
And, of course, it’s not a monthly RBA update unless it’s jam-packed!
We’ll hear Ben explain the headline changes (and 2 of his biggest disappointments) in Australia’s newly “reprioritised” Federal Budget, the darkening outlook on global growth, and his observations – and future forecasts — for our Property Market.
Another gigantic episode that sees Australia continue to balance the tightrope between economic growth and inflation, tune in now!
Plus Ben unpacks these key themes in this month’s economic update:
- Global growth outlook continues too sour
- The RBA is following through on its promise, because we continue to spend too much…
- Politics is a mugs game – there is just one problem – they control the economy
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.
Additional free resources:
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?!
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