RBA Cash Rate August 2023 & Australian Housing Market Update
The Property Couch
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The Australian Economy and the RBA Governor
The ECB lifted the cash rate another 25 basis points to a reading of 4.25%. This is the ninth consecutive increase and it takes their cash rates to their highest level since October of 2008. In terms of what's been happening in the inflation story there since my last report their inflation rate has improved with a reading of 5.5% down from 6.1%. So as I sum up the euro zone it's a bit of more of the same unfortunately for the euro zone they too must obviously ride out the inflation wave.
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