RBA Cash Rate Announcement: Dec 2023

Hey there! Welcome to the wrap-up of the Economic and RBA report for the year! It’s been a pretty eventful time over at the Reserve Bank of Australia. We’ve seen five rate hikes, pushing the total rate increase for 2023 up by 1.25% per annum. And hey, we said goodbye to our previous Governor, Dr. Philip Lowe, and gave a warm welcome to Michele Bullock, making history as the first woman to lead the RBA in its 63-year history.


Now, what’s the scoop on the final cash rate release for 2023?

Ben will unpack that and is also going to dive into a few cool things in this release:

  • Has the US wrapped up its Interest Rate tightening cycle?
  • RBA Governor’s slide deck will set the record straight, debunking any talk of high inflation being imported via wars or supply chain challenges. Spoiler alert: it’s not happening.
  • Lastly, in his property update extravaganza, Ben will break down the 2023 Property Market and spill some tea on the ten Macro forces shaking up different property markets in 2024. Stick around till the end for the juicy bits!

Oh, and in case you missed it, we’ve dropped two quick videos on selling your property. If those rate hikes are impacting your cash flow and you’re thinking of selling your property, check out the Video Series blog post before you make that call.

Alright, enough chatter. Let’s dive into this month’s update and see what’s been happening!

Note: Apologies for the technical glitch occurring at the 7-second and 5-minute marks of the video. Rest assured, our team is actively addressing this issue and working towards a swift resolution. Thank you for your understanding.

Did you know that with all the rate rises this year, Banks are offering great special deals to win your business? Are you getting the best lending deal? If you haven’t reviewed your loan for some time, make sure to reach out to your Mortgage Broker and arrange one today!

Don’t have one and looking for an investment savvy Mortgage Broker to help with your financing needs? Check out our award-winning sister company, Empower Wealth!

Just in case you’re wondering, Moorr is our online platform that helps people get on top of their money habits and Empower Wealth is our advisory business that works directly with those who want qualified professionals to help them with their financial needs. As a valued Moorr member, if you’d like to have our expert team review your current mortgage, simply visit Empower Wealth’s Mortgage Broking page today or fill in the form below.


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