Since February 2022, Australia witnessed significant surge in the interest rate from the extremely low levels during the pandemic. RBA pointed that the cash rate has been amplified by a cumulative 2.25 percentage points and now stands at 2.35%.
Like inflation, the interest rate has also increased larger and faster, than was previously anticipated. RBA understands the damaging impact of rising interest rate on Australian economy. As the inflation rate is high, the aim would be that inflation returns to goal in reasonable time. RBA stated that low & stable inflation is a precondition for a robust economy and a constant period of full employment. High inflation impacts the economy, deteriorates inequality and lessens people's savings. At the same time, high inflation makes it very problematic to sustain, or rise, real wages. Because of these reasons, RBA is dedicated to returning inflation in the target range of 2% to 3% over time.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
