RBA Hikes Are Off the Table FOR NOW. Here's Why

The odds of an August rate hike just collapsed from 21% to 3% in a single week. In this mini episode, Michael breaks down the inflation print that quietly changed the whole conversation around interest rates, and what it actually means for your repayments.🔔 Subscribe and leave a comment with your questions, we build episodes around what YOU want to know.General advice only and not personal advice. CRN 485467---------------------------------In this episode:Why this week's inflation print matters more than the headline number suggestsThe RBA's actual inflation target and why we're still not inside itWhat the trimmed mean measure is and why the RBA watches it closelyThe confusing mix of strong jobs data and slowing economic growthWhy services inflation and new build costs are still running hotThe real reason housing inflation just accelerated to 6.8%How rate policy and housing supply are working against each otherWhat another rate move actually costs you on a $600k mortgageWhy the fuel excise ending in August could reverse this progress---------------------------------Subscribe:https://www.youtube.com/@ThatBackyardPropertyPodcastInstagram: https://www.instagram.com/backyardpropertypod?igsh=MWhkOWx5YzJxdDc3ag==Website: https://tuskfinance.com.auConnect with Michael:Facebook: https://www.facebook.com/tuskfinancemkInstagram: https://www.instagram.com/mortgageswmichaelLinkedIn: https://www.linkedin.com/in/michaelkillinerTikTok: https://www.tiktok.com/@backyardpropertypodcastTusk Finance: [email protected]:(00:00) Room to breathe: the inflation print that changed things(00:30) Four things you'll walk away with(01:00) Cash rate hits 4.35% again(01:40) The jobs data that isn't what it seems(03:05) August hike odds collapse from 21% to 3%(03:30) The RBA's actual inflation target(04:20) Services and building costs still running hot(04:55) Housing accelerates to 6.8%(05:55) What it costs you on a $600k mortgage(06:30) What the economists are now saying(07:00) The oil price risk nobody's pricing in(07:45) What to actually do with this(08:20) Why you need to look under the headline(08:50) 3,000 subscribers and a big guest on TuesdayProduced by Podwave Studios: https://www.podwavestudios.au#RBA #InterestRates #AustralianEconomy #Inflation #CPI #MortgageAustralia #PropertyMarket #HomeLoans #TuskFinance #ThatBackyardPropertyPodcast #CashRate #AustralianProperty #RealEstateAustralia #FinanceAustralia #InterestRateHike #MortgageRates #HousingMarket #EconomicNews #BorrowingPower #VariableRateMortgage