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Empower Wealth Blog post by Empower Wealth

RBA Cash Rate May 2022: Cash Rate to 0.35% – Find out what’s next here!

As we speed through the first half of 2022, we’re back with another announcement from the Reserve Bank of Australia!  

The RBA’s May update is not only packed with global economic news from growing energy and grain prices to the continued invasion of Ukraine and China’s hard lockdowns but sees the RBA raise interest rates for the first time in 11.5 years.  

Tune in now to hear Ben’s evaluation of the update and how it’ll impact Australia’s future!

Here are our three other key themes for this month’s economic update: 

  • Global inflation,  
  • The impacts of global interest rates, and 
  • What the RBA did today… 

And here are all the time stamps!

0:28 – The World Bank and IMF cuts 2022 global growth outlook  
1:47 – The global impact of Russia’s invasion in Ukraine  
4:01 – Challenges from China’s COVID Crisis 
4:46 – Global pandemic stimulus and monetary policies  
7:53 – Global Inflation & Employment 
10:39 – How long will the war in Ukraine go for?  
13:01 – Global grain harvests  
14:07 – Energy inflation  
14:41 – Will China relax their COVID policies?  
16:42 – Will Global Inflation continue long-term?  

World Economic Update Segment:

18:17 – United States: Interest Rates 
18:56 – United States: GDP 
20:02 – United Stated: Consumer Confidence 
20:34 – United Stated: House Prices 
21:42 – China: Overall Economy Outlook 
24:01 – Europe: Overall Economy Outlook

Australian Economy Segment

25:20– The Cash Rate Announcement!
26:32 – What’s next?
28:38 – What does this mean for your mortgage?
29:24 – How can you better understand your cashflow?
30:42 – Why did the RBA move interest rates?
32:56 – Wages and Unemployment
36:06 – Consumer sentiment
38:11 – Business Confidence and conditions

Australian Property Market Update

39:43 – CoreLogic’s Home Value Index – May 2022 
42:02 – Overall Property Outlook 

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