Market movements & economic review – 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%.
Click the video below to view our June update.
Please get in touch if you’d like assistance with your personal financial situation.
As always, if you would like to discuss the contents of this newsletter please give us a call 07 5559 5760.
Hugh Robertson