In this video, we take a look at the latest economic data coming out of Australia and what it means for the Reserve Bank of Australia (RBA) in their decision-making on interest rates.

The data comes from the RBA's Consumer Price Index (CPI), which measures the cost of a selection of everyday goods and services. Following the data release, it was shown that the rate of inflation in Australia remains low and below the RBA’s target of 2-3%. This means that the RBA is more likely to cut interest rates in the future in order to stimulate activity within the economy.

The implications of lower interest rates for borrowers are positive as the cost of borrowing money could be reduced. On the other hand, savers may find the returns on their money to be less lucrative as the return on savings will tend to follow the official interest rate.

In this video, you will learn:

• What is the RBA’s Consumer Price Index (CPI)
• How has the latest economic data influenced inflation in Australia?
• What are the implications of lower interest rates for borrowers and savers?

Tags: #RBA #InterestRates #Inflation #EconomicData #Economics #Australia

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