The RBA's Hat-Trick
5/6/202649 min
On The Money Café this week, Alan Kohler and Stephen Mayne unpack the RBA's latest rate hike, preview next week's federal budget, look at what's going on in the Strait of Hormuz, go over Stephen's AGM plays of the day, and answer listener questions on the tax system, property market, AI sector, and much more!
Special offer for Money Café listeners: Intelligent Investor Essentials for $297. Includes Alan Kohler’s Weekend Brief, subscriber podcasts, and more, plus a Money Café cap and 3 months Premium.
Sign up at moneycafe.com.au. (T&Cs apply)
See omnystudio.com/listener for privacy information.
Clips
Transcript preview
First 90 secondsSpeaker 00:00
The Money Cafe is proudly brought to you by Intelligent Investor, Australia's home of value investing. For a limited time, you can get Alan Kohler's Weekend Brief, in-depth economic analysis, CEO interviews, the latest market insights, a limited edition Money Cafe cap, and more for just $297. Find out more at moneycafe.com.au.
Alan Kohler· Host0:23
[upbeat music] Hello, I'm Alan Kohler, editor-at-large of Intelligent Investor and finance presenter and columnist for the ABC.
Stephen Mayne· Co-host0:41
And I'm Stephen Mayne, contributor at Intelligent Investor, founder of Crikey and shareholder activist.
Alan Kohler· Host0:45
And we are...
Stephen Mayne· Co-host0:46
We are The Money Cafe, Alan ...
Alan Kohler· Host0:48
Money Cafe.
Stephen Mayne· Co-host0:48
It's all happening. Goodness me.
Alan Kohler· Host0:50
It's all happening.
Stephen Mayne· Co-host0:50
Where do we start today? So, uh- Well- ... I guess interest rates maybe three months in a row.
Alan Kohler· Host0:55
That's right. Well s- well, three in... Three meetings in a row at least. Uh, that's right, and the market's predicting another one in August, uh, and probably another one by the end of the year, so, uh, possibly two more. Certainly Lucy Ellis, the chief economist at Westpac, thinks there'll be s- uh, two more, uh, from here. So, um, and, uh, the RBA is predicting a slowdown, not a recession, but a, a slowdown from 1.8% growth to 1.3% growth. Um, but surprisingly, not