(LIVE) RBA July 2025 | Will Trump’s Big Beautiful Bill Affect Our Rate Path?

In a surprising move, the RBA chose to hold interest rates steady this month despite widespread expectations of a cut. 

As always, our very own Ben Kingsley and economist Evan Lucas are back to unpack what this decision means. 

What’s behind the RBA’s thinking? What’s happening with inflation, employment, and business confidence? And how could global forces—from Trump’s latest tariffs to China’s energy push— affect what happens next here in Australia? 

You’ll learn: 

• Why Australia’s economy is facing slow growth despite falling inflation 
• How business confidence is shifting—and what it signals for the months ahead 
• The state of consumer spending, job ads, and wage growth 
• What’s unfolding in the US, China, and Eurozone—and why it matters here 
• What to watch as we head into the second half of 2025 

Time Stamps 

Australian Economic Update Segment 

0:15 – What’s changed since May 
6:20 – Monthly Inflation   
8:20 – Trimmed Mean Inflation 
12:35 – Cash Rate Futures 
19:42 – RBA’s Cash Rate Decision   
29:49 – Unemployment / Participation Rate 
34:40 – Consumer Confidence & Spending 
42:31 – Business Conditions & Confidence  
45:30 – Property Lending, Approvals & Prices 
48:30 – Key Takeaways 

US Economic Update Segment  
49:58 – Trump Experiment Update 
52:50 – US Tariff Rates  
54:38 – Quarterly GDP Data  
57:15 – Annual Inflation  
59:18 – Federal Funds Rate (Target) 
1:03:03 – Unemployment  
1:05:12 – Consumer Confidence & Sentiment   
1:07:51 – Key Takeaways 

World Economic Update Segment 
1:08:34 – China’s Economic Update 
1:12:16 – Eurozone Economic Update  

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