The RBA has released its June update and boy is there a lot going on!    Not only do we have a new Federal Government behind the wheel, but after lifting interest rates for the first time in 11.5 years in its May update, this month saw the RBA lift cash rates by a massive 50 basis points, bringing the cash rate to 0.85% 😲 A certain sector within the property market is also facing a new threat…how will it impact the wider industry if it crumbles under pressure?   Tune in to this episode where Ben explains this challenge and unpacks these three key themes for this month’s economic update:  The persisting global inflation challenges We have a new Federal Government with their hands on the economic wheel – the big question is, how well can they drive?  The RBA is at it again increasing the cash rate – and they’re not done yet…   Plus, Ben also includes his latest news and commentary on… 👉 Russia and the Global Oil Story: How will this tale end? 👉 China faces the largest fall in Industrial Production in 32 years 👉 The persisting worldwide inflation challenges 👉 How good is the Australian economy compared to other global players? 👉 The RBA’s decision: How soon can we expect it to rise again?!  👉 What challenges have the new Federal Government inherited? 👉 The New Build Crisis: Will it cause the wider market to slide under pressure? 👉 CoreLogic’s Monthly Dwelling Princes Index – June 2022 👉 Overall Property Market Outlook for mid-2022   And much more!    Additional free resources: 🔥 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.