Welcome back to Ben’s RBA and Economic Update where this month's announcement could mark a “turning point” for Australia...

Will the Reserve Bank of Australia finally end the country’s 11-month rate hike or is the inflation genie still out of the bottle?!

Ben unpacks this momentous decision and what it means for Australia’s future (can we expect more rate rises?!). Plus, we’re diving into the latest market data which sees the country recording its largest drop in retail spending – ever (outside of COVID).

Zooming out, Ben explores the latest news globally including the big headlines: Global Banks Are Failing Today. Tune in to understand why this happening and how the system works.

Here are the three other key themes for this month’s economic update:

US & Swiss Banking Failures - it’s time we learn more about the global banking system
The RBA cash rate decision – it was such a close call.
Property values are growing? Yes, that’s right, but is this sustainable, or will it turn out to be a dead cat bounce? More on that topic later in this update….

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Episode description

RBA Cash Rate April 2023: The Close Rate Call

Episode description