I don’t have a mortgage, why should I care about the cash rate?

Yesterday the Reserve Bank of Australia announced that they were holding the cash rate at 4.35% - the same position since November, 2023. 

While this decision came as no shock to the majority of economists, it was anticipated that cash rates would be falling by the end of 2024. Is this still the case? 

To help unpack the details of our current economic situation, Scott Phillips from the Motley Fool joins us on The Briefing. 

Headlines:

Thailand legalises same sex marriage

Netanyahu complains about blocked US weapons as Jerry Seinfeld’s Sydney gig is hit by pro-Palestine protestors again 

Justin Timberlake arrested for driving while intoxicated

Maccas to ditch AI ordering system over in the US

 

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