We'e got the latest data on consumer prices. So what's going up and what's coming down? And how does all this play into the September RBA interest rate decision. It's a big month - it's the last time Governor Philip Lowe will be in charge before he hands over the top job to Michele Bullock. We take a look at what she's likely to focus on and just how big the job ahead is. On the list: inflation, implementing changes from the RBA Review and climate change to name a few. We've packed a lot into 16 minutes! CommBank Senior Economist Belinda Allen joins Gillian to discuss.See omnystudio.com/listener for privacy information.
--------
16:47
A possible future - it's a bit 'big, dark and scary'
The latest Intergenerational Report is out. It's a large document released by Treasury which projects the outlook of the economy and the Australian Government's budget. The 2023 report looks ahead to 2062-63. This episode goes through the key takeaways (your tax future, your superannuation future, your working future, your old age future, your climate change future) and the predicted impacts on the lives of Australians in the decades to come. Some of the scenarios are 'big, dark and scary'. So what can be done now to make a better future? As always - it's a spirited discussion when Gillian has on finance and money commentator, author and head of strategy at InvestSmart, Evan Lucas. Read The Intergenerational ReportSee omnystudio.com/listener for privacy information.
--------
21:08
Job losses, rising incomes and the next rates decision
There's been a slight increase in the number of unemployed people (36,000 people) but there's also slight positive. Putting up interest rates while unemployment is worsening, is unlikely to sit right with the Reserve Bank. The economists this episode explain why. We also examine the latest average weekly earnings. They're on the rise. So which state is performing best? Which job? And women are ticking ahead - we reveal why. With jobs and earnings data now to consider - we explain what's likely to happen at Philip Lowe's last RBA board meeting as Governor. AMP Australia Deputy Chief Economist Diana Mousina and St George Bank Senior Economist Jarek Kowcza join Gillian for this look under the economic hood.See omnystudio.com/listener for privacy information.
--------
18:11
Why the RBA is likely done hiking rates
The August RBA rates decision, the latest lending data and the Australians working multiple jobs to make ends meet - there's a lot to unpack in this episode of Making Money Easy. Find out why one of my economists thinks the RBA is now finished with hiking interest rates. We reveal one of the biggest surprises in the economy this year and what economists have got wrong. It's a good, deep and meaningful chin-wag, complete with multiple laughs. Barrenjoey Chief Economist Jo Masters and Bank of Queensland Chief Economst Peter Munckton join Gillian to explain.See omnystudio.com/listener for privacy information.
--------
17:17
The lag effect
There are a lot of lags in the economy right now. The cost of a bag of chips is a good example. The impact of multiple RBA rate hikes on mortgage holders now coming off fixed rates is another. Some of the lags are really hurting. This episode we explore the impact of lags, and whether the RBA will take any of them into account when it makes its August interest rate decision. While some economists think it's a flip of the coin, they are agreed we're not far from the top of the hiking cycle. Analysis of the latest inflation data is a good place to start in understanding how the economy is performing and where consumers are feeling it. And maybe, just maybe - the data is telling us to stay away from the carbs ;-) Barrenjoey Senior Economist Johnathan McMenamin and Impact Economics, Economics Manager Emma Grey join Gillian to explain. Click here to see the Australian Bureau of Statistics Graph Measuring What Matters StatementSee omnystudio.com/listener for privacy information.
Hosted and created by Senior Finance Reporter Gillian Bowen, Making Money Easy looks at finance and economic news and, with the help of some prominent economists and experts, breaks it down to what you need to know. The discussions in this podcast do not refer to your individual circumstances and do not give individual financial advice. You should seek your own independent advice, relevant to you, when making financial decisions.
Canada - english