RBA holds, is it mission accomplished?
RBA holds, is it mission accomplished?
I filmed a quick analysis on the RBA decision to leave interest rates unchanged at its meeting yesterday. It was a 50/50 call, but as I explain in the video, it feels to me like the RBA is now satisfied with a more gentle statement than previous months.
The Aussie economy is cooling down, inflation is trending in the right direction and while things are still a little too hot for comfort, there will be a quick slowdown over the next few months. Particularly on discretionary and retail spending. The numbers are already showing that.
Video key segments:
[0:01-0:45] – Reserve Bank of Australia's Decision
[1:40-2:08] – Inflation Trends
[2:57-3:34] – Retail Sales Analysis
[4:22-5:16] – Australian Housing Market
Peter Esho is an economist and Founder of Esho Group. He has 20 years of experience in investments and markets.