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Ben Kingsley Blog post by Ben Kingsley

RBA Cash Rate May 2023: Banking Woes, RBA’s Close Call & Property Inflection Point

Another month down, another close call by the RBA! Welcome back to Ben’s RBA and Economic Update.  

Tune in to stay updated on the latest market developments and gain valuable insights for making informed financial decisions. 

Join Ben as he discusses the RBA’s latest decision and sheds light on the US banking system’s efforts to regain confidence and trust. Ben also reviews the latest RBA report, which includes 51 recommendations for changes to the bank’s operations. Additionally, he analyses the current state of inflation in China and delves into rental yields.  

In today’s RBA release, here are our key themes for this month’s economic update: 

  • Another banking issue in the US  
  • The RBA makes another close call today? 
  • We also touch on the release of the RBA review 
  • And in this property update, we will talk about the current inflection point in the market, plus I’ll do a deep dive on rental yields 

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!

00:35 – What did we learn from the US in the past month  

United States Economic Update Segment: 

2:09 – United States: Inflation 
4:18 – United States: Interest Rates 
4:50 – United States: Employment 
5:30 – United States: Consumer Sentiment 


9:42 – China: Inflation 
10:25 – China: Employment 

11:39 – China: GDP Results


12:45 – Europe: Inflation 
14:18 – Europe: Employment 

14:35 – Europe: GDP Results 

15:33 – UK: The trainwreck that is their economy  

Australian Economy Segment 

17:35 – The Cash Rate Announcement! 
18:44 – The RBA report that was released with 51 recommendations for changes on how the bank operates  

33:08 – Inflation 

34:35 – Employment 

35:36 – Consumer Sentiment 

38:04 – Retail Sales / Consumer Spending 

40:04 – Business Confidence & Conditions

Australian Property Market Update 

43:11 – Housing Credit 
44:10 – Building Approvals 
44:37 – CoreLogic’s Home Value Index – April 2023: Property Value Results    
46:04 – Overall Property Outlook 

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