As we welcome in a new financial year, we welcome another not-so-surprising change…

The Reserve Bank of Australia has once again lifted the cash rate by 50 basis points, bringing the official rate to 1.85%. This marks the most aggressive rate rise in a 3-month period since 1994 (If you’re wondering,  back then the RBA lifted the cash rate by 200 basis points)

Tune in as Ben breaks down what this hike means in the big picture and unpack these key themes:  

• Is the world’s biggest economy in a recession already?  
• The manufactured economic slowdown is now in full swing with another rate rise this month 
• Unemployment surprises in the upside beating all forecasts for July 

Plus, Ben also includes his latest news and commentary on…

•  The good and the bad: US Property Market slowdown & the raw material rebound
•  Unpacking 2 key US data reports: Consumer Price & Core inflation   
•  China’s largest COVID outbreak since 2020 – How is their economic recovery looking? 
•  The European Central Bank’s first cash rate hike in 11 years  
•  Unlocking the mindset of the Australian consumer – are we in crisis mode? 
•  Retail Sales & Inflation: The Biggest Predictor of Slowing Rates  
•  Property Price Slump: Should you be worried? 
•   CoreLogic’s Home Value Index – 1 August 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?!

LISTEN TO THE FIRST 20 EPISODES HERE >>

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LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/

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