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



Yep, there’s no surprises here. The Reserve Bank of Australia has lifted the cash rate yet again by 50 basis points, bringing the total cash rate up to 1.35% – the highest month-on-month increase since 1994!

Tune in as Ben unpacks this new cash rate plus a few important messages on:
πŸ‘‰ The world’s leading economies are going to manufacture an economic slowdown to curb global inflation
πŸ‘‰ What do we need to do to break our current upswing in the domestic inflation cycle?
πŸ‘‰ Consumer Sentiment – how worried should we be?
πŸ‘‰ A snapshot look at the 2021 Census Data
πŸ‘‰ And finally, an important Property update…
Plus much more!

πŸŽ™ Tune in now πŸ‘‰ https://empowerwealth.com.au/blog/rba-cash-rate-July-2022

And here are all the time stamps!

0:00 – Welcome back!

World Economic Update Segment:

0:23 – United States: Inflation
1:44 – China: Overall Update
2:39 – Europe: Inflation
3:30 – The Global Inflation Story: World Bank & OECD

Australian Economy Segment
4:49 – The Cash Rate Announcement!
5:34 – Moving Towards a β€œMore Normalised” Cash Rate
6:21 – Domestic Price Inflation
7:20 – What does this mean for future cash rates?
9:30 – External: Factors outside our control
11:33 – What can we control to curb inflation?
15:08 – Jobs & Unemployment
18:40 – Consumer Confidence & Sentiment
21:07 – How worried should we be?
23:49 – Experience teaches you about market cycles
24:46 – Our Key Message #1: Remain Calm, Remain Cool
25:30 – Retail Sales
27:14 – Business Confidence & Conditions
29:41 – Census 2021 Release

Australian Property Market Update
34:39 – CoreLogic’s Home Value Index – 30 June 2022
36:17 – Our Key Message #2: Understanding Supply & Demand in Market Cycles
40:34 – Summary & Takeaways

πŸ‘‰ https://empowerwealth.com.au/blog/rba-cash-rate-July-2022

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