Welcome back to the third RBA Rate Release of 2024 with your hosts, Ben Kingsley and Evan Lucas!
Ready for a rundown of what we cover in today’s episode? Here’s a sneak peek:
- RBA’s Interest Rate Decision: Get the scoop on the Reserve Bank of Australia’s cash rate decision, as announced at 2:30 pm (AEDT) today, as well as what it will mean for you!
- Australia’s Inflation Challenges: The Q1 inflation rate is hanging tough at 3.6%, above the RBA’s cozy zone of 2-3%. We’ll unpack why stuff like healthcare and rental housing are pushing those numbers up, and what that could mean for interest rates, especially with the federal budget looming.
- Employment Story: The job market’s a bit of a mixed bag in US and Australia, but Australia shows many positive signs with record-high participation rates and more women than ever joining the workforce.
- Property Market Dynamics: Surprise, surprise! Property prices in Australia are on the upswing. We’ll take a deep dive into what’s driving this market and what it means for future property investments.
- Inflation Psychology: Ever found yourself thinking, “Better buy now before prices increase later”? Yup, it’s a mental game we all play. Ben & Evan chat about this self-fulfilling prophecy and how it affects inflation.
Whether you’re a seasoned investor, house-hunting aficionado, or just curious about the state of the economy, this episode is a must-listen!
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