Australian Economy Update - FY 2022

 Australian Economy Update - FY 2022

Cash Rate at 1.85% in Aug and Inflation 6.1%

The housing sector is weakening with steep ring IR, 1st home buyers from the last 2 years will struggle and fixed mortgage holders will have their mortgages finished in the next 12 months.  

Rising Inflation is a key issue across the globe for the Reserve Bank, with a risk of recession and stagflation

What is Stagflation

Source: CBA FY22 Results