Economic_Update_-_June_2022.pdf

Highlights: Australia’s S&P/ASX 200 Index finished the month of May -2.6%, with all sectors of the market lower except Materials. The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years, in response to the high inflation rate.  Annual inflation rose to 8.1% in the Euro zone,…

At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 85 basis points increase the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased significantly. While inflation is lower than in most other advanced economies, it is higher than earlier…