Market movements & review video – June 2022

Stay up to date with what’s happened in Australian markets over the past month.

 

Cost of living pressures, inflation and interest rates were major concerns in the lead-up to the May federal election.

The Reserve Bank of Australia (RBA) lifted the cash rate for the first time in over 11 years from 0.1% to 0.35%, as inflation hit 5.1%.

This followed the US Federal Reserve’s decision to lift rates by 50 basis points, the biggest rate hike in 22 years as inflation hit 8.5%.

Please get in touch if you’d like assistance with your personal financial situation.

 

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Latest Posts