(LIVE) RBA Apr 2025 | “Tariff-ying” Times: How Trump’s Policies Could Affect Australia 

What’s behind the Reserve Bank of Australia’s latest cash rate decision—and what global forces are weighing heavily on the boardroom table? 

In this month’s RBA Update, Ben Kingsley and Evan Lucas unpack the key economic signals, inflation data, and one particularly big wildcard: Donald Trump’s return and his proposed “Liberation Day” tariff rollout. 

How could renewed U.S. trade tensions ripple through to Australia’s economy? What might it mean for inflation, interest rates, and the path ahead for households and investors? 

In this episode: 

• The key factors shaping this month’s RBA decision 
• The impact of Trump’s tariffs on global markets and Australia’s outlook 
• The “non-event” federal budget & what to expect from the upcoming election 
• China’s energy advantage and the robotics race 
• How Europe is preparing to decouple from U.S. influence 
• And more… 

Time Stamps 

US Economic Update Segment  

1:23 – Annual Inflation 
5:19 – Cash Rate (Interest Rates)  
7:00 – Dot Plot Forecast 
8:29 – Unemployment 
9:08 – Consumer Confidence & Sentiment 
11:48 – Retail Sales 
13:11 – Business Confidence  
14:45 – Update on Trump’s Economic Experiment 
21:35 – Key Takeaways 

Australian Economic Update Segment 

22:25 – Federal Budget & Upcoming Elections 
28:45 – RBA’s Cash Rate Decision  
36:12 – Inflation Rate Monthly CPI 
38:10 – Annual Core Inflation 
41:11 – Quarterly GDP Data  
43:23 – Real GDP (Australia vs World) 
45:00 – Real GDP per capita 
45:41 – Real GDP drivers 
47:09 – Unemployment / Participation Rate 
51:15 – Employment by Sector 
55:28 – Consumer Confidence 
1:00:25 – Retail Sales 
1:01:09 – Business Conditions & Confidence 
1:03:45 – Property – CoreLogic Price Index 
1:05:03 – Key Takeaways 
 
World Economic Update Segment 

1:06:32 – China’s Economic Update 
1:11:36 – Eurozone Economic Update  

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