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Market movements & economic review – June 2022

Market movements & economic review – June 2022

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%.

Click the video below to view our June update.

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