Will The RBA Increase Rates In February? | Record High Inflation!
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- Опубликовано: 6 ноя 2024
- With the latest inflation numbers coming in at 7.8%, all eyes are on the RBA ahead of their next meeting. The probability of an interest rate hikes has increased however, the latest data coming out of poor retail spending could suggest a pause is on the cards. Let's dive into the numbers and figure out what happens next.
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Hi Ravi where abouts is your agency? Is there an office?
My prediction is 2-3 more 0.25% rises and then hold
My son works in a restaurant chain that is a family restaurant (not Maccas) that is an excellent example of middle class. A very well known chain. Revenue is down 60% shifts are sinking. That is important to remember- he still has a job but 13 hours only this week. Similar for my wife - only 9 hours this week in her casual job. So they are keeping them but have no money to spend -
Same as you think.. ideally there should not be any hike as supply is slowly coming back to normal and impact of previous hikes will come into effect in next quarter.. but with the inflation number right now, there is a definite pressure to increase the rates as that's what economy book says.. so RBA will do the balancing act and hike by 0.25 .
MB a pause in Feb, but ultimately still 0.75% to go yet this year. Peak June - July. First cut Dec 2023/Feb 2024. Unless WW3 breaks out.......
Thanks for posting theses types of videos. It was very informative. Hope to see more soon. Keep up the great work 👍
I'd be STUNNED if they didn't raise them in the Feb meeting but only by 20 or 25BP and then hold for a few months to assess the compounding changes.
Problem is where in Australia. If prices go up the culture here simply says “well mate it is what it is guess we’ll just have to pay more” we are not a price sensitive bunch
Well, Philip Lowe did say at the rare ABC 7:30 report interview (last year), that it didn't make sense to have the cash rate below the inflation rate.
However, the RBA does a little bit of "looking forward".
The quarterly results show that RBA will have to raise by 25bp each month until the next reporting quarter. We will see 25bp in Feb, Mar, April, and then Q1 results in late April may see a pivot in May or continuing 25bp in May dependent in results
Hey Ravi when do you think that rate cuts will be priced into the market? I'm a FHB and strongly believe that we will only have 1 more 25 bp rise before a pause - and even if we have 2-3 more after that I think the demand over supply outweighs any price decrease rate rises will have in the area I'm looking at. Eg. I feel by the time it's Q3 we will already start seeing price increases? This is when I am planning to purchase but would it be worth purchasing earlier than this to avoid a more competitive market?
Also on top of this I'm really really worried because every media outlet, The Age, Sunrise, 9News, 7News, ABC, etc have articles and on the news about impending 4 rate rises, mortgage cliffs and pain ahead to create FUD. That is usually an indicator for the best time to buy?
Definitely increase of 0.25%, people still spending heaps and lots of employers still giving wage increases.
Another 0.25% will still be enough to put the housing market under increasing pressure.
I'm seeing decent "on the ground" falls in Brisbane.
Love to hear your thoughts, thanks for the great video.
The rates will go up and will continue for the next 3 months. I don't think it will fall until the new financial year.
I heard 4 more rise gonna happen on the radio this morning 😭
That's bcoz you bought bad investments
I bought 4
That joke was so seemless, actually LOLed
Haha glad you appreciate my comedy. Now I have 2 fans, you and my mum 💪
The reason it falls is it half the country end up on the street then no one can buy
Chatgpt predicts we will have 2 more increases
Great advice, never fear a recession.
Hmmmmm nah let’s stick with no more rate hikes?? 🤷🏼♀️ let’s see. But maybe Yeh looks like one more 25 basis.
0.5 》》0.25 》》hold ...
My actual thoughts, interest rate increase, same as you later in 2023 decrease.
.5 or .25 for the always 2 -3 more times every meeting
Yeah, at least .75% more
Cash rate to 4
2 i reckon
Email sent last week , still heard nothing ….🤔
Emails are upto date...I didn't get anything - please resend :)
2 50 bas points
Two words , Tulip Mania ... Not sure if it's applicable to the housing market but if someone more knowledgeable than I wishes to google it and comment back I'd be appreciative, cheers
Ravi, I understand as a buyer's agent you need to have this viewpoint and attitude for the sake of your business. But honestly you are just spreading misinformation in this video.
It's actually not misinformation, it's based on data. I also have run this channel to spread value and knowledge that may lead to more business for he BA but, I wouldn't ruin my credibility for some extra clients. Please spend some time on the channel and the previous videos and you'll see what my intentions are. Sorry, you've felt this way.
@@PersonalFinancewithRaviSharma I have watched a alot of your videos and do appreciate the content you make. Hence I felt the need to comment. Since the cracks in the property market have started appearing, I have noticed you are seemingly extra bullish on real estate. Almost to the point of shilling. I'm nowhere near as experienced or knowledgeable in the property market as you but the data you are seeing is clearly different from mine. As you do not offer financial advice I would never accuse you of a lack of credibility but I do think you may have some confirmation bias in regards to the direction of the property market.