Why Did The RBA Raise Hold In April? | Property Lovers Podcast | #52
The Reserve Bank of Australia (RBA) serves as the country’s central bank, with a primary responsibility to oversee the nation’s monetary policy and ensure the stability of its financial system. The RBA plays a crucial role in Australia’s economic landscape, with a mandate to promote the stability of the country’s currency, maintain employment, and contribute to the overall prosperity of its citizens. The bank’s board sets the official cash rate, which can have significant effects on the economy, making it a crucial tool for managing monetary policy.
So why did the RBA hold another rate rise for April? That is exactly what we are talking about in today’s episode of The Property Lovers Podcast.
Get ready to find out:
- Why the reserve bank is trying to cool us down
- What the RBA’s target range for inflation is
- How the global is still impacting the local
- Where the volatility in financial markets lyes
- Why the RBA thinks inflation has peaked
- Why you feel like you have been losing money
- What a ‘soft-landing’ for the economy means
- Why the growth of the economy is down
- How consumer sentiment impacts the property market
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