The Reserve Bank has lifted interest rates by 0.25 of a percentage point, taking the cash rate target to 3.1 per cent. The increase — the eighth in eight months — will add around $75 to the monthly repayments of a household with a $500,000 mortgage debt on a 25-year term.
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It’s ‘To Infinity and Beyond’ as central banks in both New Zealand and Korea have pushed ahead with further SUPERSIZED interest rate rises as they attempt to tame rampant inflation! Both have been at the forefront of global central bank moves to quell inflation, lifting rates from pandemic lows in the second half of 2021. The Reserve Bank of New Zealand (RBNZ) increased its benchmark overnight cash rate target from 2 to 2.5 per cent on Wednesday, while the Bank of Korea (BoK) also raised rates by 50 basis points earlier that morning to 2.25 per cent. But with calls for the Reserve Bank of Australia (RBA) to do the same, will we see another interest rate increase before August 2022?

Here are the key details:
✅ Both the RBNZ and Bank of Korea have raised interest rates by a further 50 basis points.
✅ New Zealand’s benchmark cash rate is now 2.5 per cent and Korea’s 2.25 per cent.
✅ Many economists now expect that many central banks will stop hiking rates by the end of this year.
✅ The Reserve Bank of Australia will most likely follow suit with another cash rate hike before August.

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In this video, we’ll analyse what these global bank decisions mean for the Australian economy and answer the following questions:

�� How high could interest rates go in 2022?
�� Why are the global banks increasing their cash rates?
���� Why have New Zealand increased their interest rates for homebuyers?
���� What can we learn from Korea’s lift in interest rates
�� How will interest rates affect the Australian property market?
�� Where will the RBA’s cash rate be by 2023?
✋ Why you should BEWARE in 2022?
�� What can first home buyers do to get ahead of the market?
�� Is NOW a good time to buy a home?
�� What role do the major Australian banks play?
�� Should current homeowners be worried?
�� How does the Reserve Bank Of Australia’s cash rate affect property prices?
��️ Will property prices increase in 2022?
�� Will the Reserve Bank of Australia lift the cash rate again in August?
�� What have the banks recently announced?
�� Why are the banks taking such a tough stance on home loans?
��️ Why you need to speak to a mortgage broker
�� How your Mortgage Broker can save you thousands!
✋ How cautious should you be in 2022 with your mortgage?
�� What next for the Australian property market?
↕️ What does a 7% inflation rate mean?
�� What do these rate rises actually mean for your mortgage?
�� What should investors do in 2022?

Traders are currently pricing in a roughly 50/50 chance that the Reserve Bank of Australia will follow its neighbour across the ditch with a third consecutive 50-basis-point rate rise in August. Such a move would take Australia’s cash rate to 1.85 per cent.

Here’s what we cover in this video:

00:00 RBNZ & Bank of Korea lift interest rates by 50 basis points again!
00:20 What’s happening in 2022?
01:55 Will the Reserve Bank of Australia (RBA) lift Interest Rates?!?
02:50 Commonwealth Bank Forecasts 3.5% Cash Rate!
03:30 Are we nearing the end of the rate rises?
04:45 What does this mean for Homebuyers?
05:40 What is Quanitiative Tighetning (QT)?
06:40 No more STIMULUS! TFF Explained!
08:30 John Adams: Australia’s Fake QT Program
09:45 Could the cash rate be REVERSED in 2023?
11:00 2023 Housing Market PREDICTIONS
11:40 How will this impact Homeowners?

⏰ MUST WATCH VIDEOS & ARTICLES ��

➡️ https://www.abc.net.au/news/2022-07-13/rbnz-bank-of-korea-lift-interest-rates-by-50-basis-points-again/101234458

➡️ https://www.investordaily.com.au/markets/46755-fed-launches-qe-infinity

➡️ https://www.rba.gov.au/speeches/2022/sp-ag-2022-05-23.html

➡️https://www.adamseconomics.com/post/australia-s-fake-quantitative-tightening-program

For more info, visit us here �� https://www.huntergalloway.com.au/mortgage-broker-brisbane/

Or book an appointment with Jayden �� https://hello.huntergalloway.com.au/meetings/jayden-vecchio

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The Reserve Bank of Australia has raised its key interest rate by 50 basis points to 1.85% as expected by most economist surveyed by Bloomberg. Yousef Gamal El-Din and Manus Cranny report on “Bloomberg Daybreak: Middle East.”

Find out what the Reserve Bank of Australia does in this short animated video. Learn more at www.rba.gov.au/education.