Blog post by Ben Kingsley

RBA Cash Rate February 2023: The Inflation Peak Has Passed, So What’s Next?

After a month’s hiatus, the Reserve Bank of Australia is back with its first meeting for 2023. With a rapidly changing economic landscape, will the board mirror December’s 0.25 rate rise or is a drastic rate hike in order?

Tune in to hear Ben cover the highs of the domestic market from the ASX’s surprise positive results to falling unemployment and business sentiment as we grapple with the question on everyone’s minds…

Is Australia past the worst of its economic slowdown?

Of course, Ben also dives into the biggest news from around the world including the US’ “disinflationary” period, China’s relaxing lockdown laws, and more.

P.S. Want to hear our 2023 market predictions? Stay tuned for The Property Couch‘s episode this week (Ep 429) where Bryce and Ben unpack the Risks and Opportunities in their annual Property Market Outlook for 2023.

Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in.

And here are all the time stamps!

00:00 – Welcome back in 2023!

World Economic Update Segment:
0:39 – United States: Jerome Powell’s Speech
4:49 – United States: Inflation Numbers
7:24 – United States: GDP
7:57 – United Stated: Employment
8:36 – United Stated: Consumer Sentiment
8:55 – United Stated: Retail Sales
9:20 – United Stated: Business Activity
11:11 – United Stated: Housing Data
12:33 – United Stated: Summary

12:49 – China: The Relaxing of COVID Zero Policy  13:24 – China: GDP Data
13:48 – China: Inflation Rate
14:12 – China: Retail Sales
14:32 – China: Business Front
15:39 – China: Summary

15:58 – Europe: Good News!
17:27 – Europe: Interest Rate Story
19:27 – Europe: GDP Growth
20:19 – Europe: Economic Sentiment
20:54 – Europe: Confidence Indicators
21:46 – Europe: Equity Markets

Australian Economy Segment
23:12 – The Cash Rate Announcement!
26:01 – Inflation Numbers
30:09 – Unemployment
33:13 – Immigration Story
36:00 – Consumer Confidence & Sentiment
37:28– Retail Spending
39:35 – Business Front

Australian Property Market Update
43:48 – Property: Construction News
45:13 – Property: Building Approvals
46:33 – Property: Household Lending
51:43 – Stay Tuned: Our 2023 Property Market Outlook
52:09 – CoreLogic’s Home Value Index – 1 February 2023
55:19 – Rental Front
56:04 – Key Takeaways