RBA: Australian Interest Rates
The RBA (Reserve Bank of Australia) held the Cash Rate at 4.35% per annum on Tuesday.
History implies that the current interest rate hiking cycle is done with this period being the second biggest increase in 40 years.
What is the evidence for no more interest rate hikes?
Real household spending has fallen, real household disposable income has fallen and GDP growth has fallen due to rising mortgage interest cost, rising personal income tax and the price rise for goods and services.
Will Australia fall drop into a recession in 2024?
Don’t know but even when Australia’s does go into its next recession, the outcome will be the same, investors will be presented with an opportunity to buy more quality asset at a discounted price.
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