RBA Cash Rate September 2022: From Trough to Peak: How Bad Is Today’s Market?
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Inflation is at a 20-year high at 6.1% – and continuing to rise.   So how has the Reserve Bank of Australia responded in its September cash rate?   Tune in to find out and uncover if Australia’s cash hikes are set to slow down soon…or if the RBA’s new forecast reveals otherwise.  Across the globe, the inflation story continues to unfold and trade tensions between Russia and the Eurozone simmer. We see oil prices and energy suppliers shifting which leaves the question: How will it impact Australia?   Plus Ben unpacks these key themes in this month’s economic update:  The US Fed’s warpath against inflation    RBA is back at it again with another rate rise   Why APRA must act now to reduce its buffer rate  The trough and peak results in Australia’s property market during COVID    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.    Plus, Ben also includes his latest news and commentary on… 👉 Outcomes from Australia’s Job Summit and how immigration will affect our economy 👉 China’s stimulus packages and the economic impacts of its zero COVID policy 👉 The RBA’s updated forecast for the future 👉 Job vacancies vs. Unemployment rate: Which is higher?? 👉 Consumer Confidence put to the test (Have we curbed spending?!) 👉 Wage Growth and its effects on Borrowing Power 👉 Housing prices tumble 👉 Housing Credit and Building Approvals figures: Is there a housing shortage on the cards? 👉 CoreLogic’s Home Value Index – 1 September 2022  And much more!    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?!   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...
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