RBA Cash Rate August 2022: Inching Closer to a Neutral Cash Rate

As we welcome in a new financial year, we welcome another not-so-surprising change…The Reserve Bank of Australia has once again lifted the cash rate by 50 basis points, bringing the official rate to 1.85%. This marks the most aggressive rate rise in a 3-month period since 1994 (If you’re wondering, back then the RBA lifted the cash rate by 200 basis points)Tune in as Ben breaks down what this hike means in the big picture and unpack these key themes: Is the world’s biggest economy...