Finance & Fury Podcast

Welcome to Finance and Fury,  Inflation and interest rate – real rates RBA update – Inflation and interest rates RBA - cash rate unchanged at 1% - following two consecutive rate cuts – past ep, talked about loans and property pieces Today – Look at the hidden wealth killer – inflation – loss of real values in relation to loans – Low rates with low inflation can be worse than higher rates with higher inflation saying it will take longer than earlier expected for inflation to return to the 2% target while economic growth has been lower than previously forecast The RBA is seen cutting interest rates later in the year as escalating US-China trade war tensions would pose a mounting risk to the economy – Make currency cheaper for exports Quick update - Excerpt from the statement by the governor Philip Lowe:  Economic growth over the first half of this year has been lower than earlier expected household consumption weighed down by a protracted period of low-income growth and declining housing prices, higher