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RBA Cash Rate Announcement: August 2024

Welcome back to the fifth RBA Rate Release of 2024 with your hosts, Ben Kingsley and Evan Lucas! 

Here’s a rundown of what Ben and Evan discuss in today’s episode:  

  1. RBA’s Cash Rate Decision: We’re breaking down the latest announcement from the Reserve Bank of Australia, as revealed at 2:30pm (AEST) today! 
  2. Rising Inflation in Australia: Annual inflation in Australia is up to 3.8%, but still within the long-term trend. Property prices are mixed, with Sydney’s growth slowing and Perth and Adelaide showing strong growth. 
  3. US Showing Mixed Signals: The US is sending mixed signals, with GDP growth driven by consumer spending and government expenditure. The Federal Reserve keeps rates steady but leaves the door open for possible rate cuts. 
  4. EU’s Steady Growth Amidst Rising Inflation: The European Union’s economy shows steady GDP growth at 0.3%, with inflation ticking up to 2.6%. The ECB keeps rates unchanged but hints at possible future rate cuts. 
  5. Exciting Changes Ahead: RBA cash rate announcements as you know it will soon change. Soon, you’ll be able to catch Ben & Evan’s commentary LIVE! Plus, Bryce & Ben have a dedicated quarterly Property Market Update session in the works. Stay tuned for more details. 

Whether you’re an investor, homeowner, or just curious about the economy, this episode has something for you! 

PSA: If it’s been some time since you last took a look at your home loan, it mightf be time to hit up your Mortgage Broker and get a review sorted. With so much changing over the last few years, you need to ensure you’re getting the best deal out there. And if you’re on the lookout for an investment-savvy Mortgage Broker, our award-winning sister company Empower Wealth has you covered!

Empower Wealth’s expert team can give your current mortgage a once-over; just head over to their Mortgage Broking page today or fill in the form below to book a free consultation.






 

 

 

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