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Ben Kingsley Blog post by Ben Kingsley

RBA Cash Rate December 2022: Has Australia Reached Its Inflation Summit?

As Australia’s “Year of Inflation” draws to a close, the Reserve Bank of Australia (RBA) has just released its last official cash rate for 2022.  

As global economic outlook shifts to a more “positive” note with the US and Australia seeming to have escaped a recession, have we just received another early Christmas present from the RBA?  

Tune in to find out if the cash rate has been paused for the first time in 7 months, plus our 3 other key themes in this month’s economic update:  

  • The slowing of interest rate hikes in the US  
  • A case for pausing interest rates in Australia moving forward  
  • How the property market will finish out 2022 and begin 2023 

P.S. If you’re interested in understanding how interest rates and inflation impact you, be sure to listen to Episode 404 | What do Inflation, Interest Rates & Broccoli have to do with Property?! Or Episode 390 | Will Interest Rates CRASH the Property Market?! on The Property Couch’s podcast. 

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!
0:27 – OECD’s Adjusted Global Economic Outlook Figures  

World Economic Update Segment: 

3:28 – United States: Inflation 
5:03 – United States: Consumer Story  
6:00 – United States: Employment 
6:57 – United States: Manufacturing Activity 
7:16 – United States: Construction & NFIB Small Business Optimism 
8:04 – China: Restrictive COVID Policies.   
8:57 – China: Inflation  
9:48 – China: Business Data  
11:42 – China: Overall Economy Outlook 
12:24 – Europe: Overall Economy Outlook 
13:36 – Europe: Inflation  
14:14 – Europe: Consumer Sentiment 
14:41 – Europe: Business data 

Australian Economy Segment 
16:41 – The Cash Rate Announcement! 
17:29 – A Case for Pausing  
21:01 – A Case for Raising  
22:46 – Monthly CPI Numbers  
25:15 – Retail Spending 
27:00 – Employment 
30:34 – Consumer Sentiment 
31:58 – Business Confidence & Conditions  

Australian Property Market Update 
33:47 – Construction and Approvals data  
35:13 – Housing Credit & Refinancing  
37:25 – CoreLogic’s Home Value Index – 31 November 2022 
44:36 – Predictions for 2023 

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