So… no surprises here folks. We’ve got a rate cut!

Phillip Lowe already indicated RBA’s decision to cut the cash rate two weeks ago in his Address to the Economic Society of Australia.

Nonetheless, we are still excited to share that the cash rate is now at 1.25%.

AND there are heaps to unpack today folks and is probably the longest RBA Commentary that Ben has ever done. Before we get there, here are a few resources that he’s mentioned:

• RBA’s Statement on Monetary Policy – May 2019
• The Morrison Government’s First Home Loan Deposit Scheme
• The new low and middle-income tax offset announced in the 2018 – 19 Budget

 Now, let’s dive into RBA June 2019 Cash Rate Announcement!

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. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

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