RBA cash rate rise to 4.60 per cent: what it means for mortgages, rents and inflation copertina

RBA cash rate rise to 4.60 per cent: what it means for mortgages, rents and inflation

RBA cash rate rise to 4.60 per cent: what it means for mortgages, rents and inflation

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This episode covers the Reserve Bank's latest cash rate rise, up a quarter point to 4.60 per cent, the fourth increase this year and the highest level since late 2011. Host Miko Santos speaks with Dr Angel Zhong, finance academic and Deputy Dean of Research and Innovation at RMIT University, about who is hurt first and why. Zhong estimates a typical mortgage holder faces $90 to $120 in extra monthly repayments once lenders pass on the rise and explains how renters can also face increases when landlords pass on their own higher costs. The conversation moves to why underlying inflation, measured by the trimmed mean at 3.6 per cent, has stayed elevated for three months, touching on labour market tightness, weak productivity, an ongoing oil shock, and a live debate about whether AI data centres are adding to price pressures. Zhong also flags the risk of unreliable social media financial advice when households are under strain.Key topics & takeaways* RBA raises cash rate to 4.60 per cent, the fourth rise this year and highest since late 2011* Typical mortgage holders face $90 to $120 extra in monthly repayments* Renters exposed to landlord cost pass-through, subject to state rent-increase rules* Trimmed mean inflation at 3.6 per cent for three months, still above the 2-3 per cent RBA target* The drivers of sticky inflation include a tight labour market, weak productivity, and an oil shock affecting shipping and groceries.* Debate over whether AI data centre demand for chips and electricity is contributing to inflation.* Financial stress raises risk of households turning to unreliable social media finance advice.Follow The Part 8A on Spotify and Apple Podcasts so next week’s episode lands in your feed.Truth matters. Quality journalism costs.Your subscription to Mencari directly funds the investigative reporting our democracy needs. For less than a coffee per week, you enable our journalists to uncover stories that powerful interests would rather keep hidden. No corporate influence. No compromises. Just honest journalism when it matters.Guest & Host InformationHost: Miko Santos, presenter of Part 8a.Guest: Dr Angel Zhong is Deputy Dean, Research and Innovation in the School of Economics, Finance and Marketing at RMIT University, and a regular media commentator on monetary policy, retail investing and financial markets. https://www.rmit.edu.au/profiles/z/angel-zhongSources, links & further reading* Dr Angel Zhong profile – RMIT University https://www.rmit.edu.au/profiles/z/angel-zhong* RBA says inflation upside risks are getting concerningly real – Banking Daily https://www.bankingdaily.com.au/articles/rba-says-inflation-upside-risks-are-getting-concerningly-real* Short-term pain, long-term gain – Riverine Herald https://www.riverineherald.com.au/news/short-term-pain-long-term-gainContent warnings & disclaimersThis episode discusses cost of living pressure and financial hardship. Comments on investing, lending and scams are general commentary, not personal financial advice.This is not a sponsored video/audio. A small commission will be paid to us if you purchase anything through some of the affiliate links in our product listings.If you want to chat more about this topic, I would love to continue the conversation with you on Twitter @realmikosantos!This podcast is powered by Kangaroofern, Australia's independent podcast management company.Thanks so much for listening to our podcast!If you enjoyed this episode, be sure to subscribe so you'll be notified when a new episode is posted in the Apple podcast, Google podcast, Spotify, Stitcher or via RSS. If you think others could benefit from listening, please share it on your socials.You can also subscribe to the podcast app on your mobile device. If you found value in this episode, leave us an Apple Podcast review. Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on Apple Podcasts and expose our show to more awesome listeners like you. This is a premium episode. If you would like to discuss this with other subscribers or get access to the episodes, visit Financial RegisterGot a News Tip?Contact our editor via Proton Mail encrypted, X Direct Message, LinkedIn, or email. You can securely message him on Signal by using his username, Miko Santos.While mainstream media serves corporate interests, you deserve the truth.Your Mencari subscription—less than a coffee per week—powers real independent journalism. Our reporters dig into the stories powerful people desperately want buried. No corporate masters. No political handlers. Just the uncomfortable truths that matter most right now.This is journalism without compromise, funded directly by readers who refuse to be misled. If this reporting opened your eyes, hit Restack so others can see what they're missing.Not ready to be paid subscribe, but appreciate the newsletter ? Grab us a beer or snag the exclusive ad spot at the top of ...
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