Stay up to date with what’s happened in Australian markets over the past month.
Cost of living pressures, inflation and interest rates were major concerns in the lead-up to the May federal election.
The Reserve Bank of Australia (RBA) lifted the cash rate for the first time in over 11 years from 0.1% to 0.35%, as inflation hit 5.1%.
This followed the US Federal Reserve’s decision to lift rates by 50 basis points, the biggest rate hike in 22 years as inflation hit 8.5%.
Please get in touch if you’d like assistance with your personal financial situation.