RBA Nov 2023 | Inflation – Material Enough?

Hey folks, it's that time again for our Monthly Economic and RBA update! This time around, Ben got his sight set on a few key things: 

• RBA's November Board Meeting: We've all been eagerly waiting to see if the RBA is going to hike the cash rate again. This could mark the 13th time they've done it in this upward cycle. Find out more in this episode! 
• Inflation Rant: Hold onto your hats because Ben got a bit of a rant brewing about inflation. 
• Property Market Scoop: Of course, last but not least, the most popular part of Ben’s RBA updates…. the latest data on the property market! 

But before we dive into all that, we can't ignore the elephant in the room – the heightened geo-political tensions and the Middle East conflict. This isn't just a humanitarian crisis; it's also making waves in the global economy. 

All this uncertainty and instability is putting a damper on global economic confidence, sentiment, and investment. Plus, it's affecting oil supply, prices, and trade, which is basically throwing a wrench into the works of the world economy. 

Let's cross our fingers for some speedy resolutions in the Middle East and Ukraine to ease these troubles. But for now, the world is feeling jittery and there's more downside risk ahead if these issues continue to weigh on developed economies.  

We know these aren’t uplifting news to share, but it's important to acknowledge the economic consequences tied to these global events.  

And folks, if you're feeling the pinch with those rate hikes and worried about your cashflow in the next few months, we've got a couple of handy resources for you: 

A) MoneySTRETCH Tool on Moorr: 

This cool tool lets you play around with different scenarios and see how they impact your cashflow and savings right away. 

Learn more about MoneySTRETCH here > 

B) Free Finance Checkup with our Award-Winning Crew: 

If you're looking to review yuor loans, our sister company, Empower Wealth recently snagged the Australian Brokerage of the Year award from the Australian Mortgage Awards, and they would be thrilled to assist you! 

Learn more about Empower Wealth's Mortgage Broking services here > 

Alright, what are you waiting for? Let's jump into the data for this month! 

LISTEN TO THE FIRST 20 EPISODES HERE >>

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