June was a big month in an eventful year for the local and global economy, with inflation and interest rates continuing to dominate.

With inflation sitting at 5.1% in Australia, cost of living pressure is mounting. The Reserve Bank lifted the cash rate to 0.85% in June, with more rises anticipated.

June also saw a global sell-off in shares, with the ASX 200 posting its worst month since March 2020.

Please contact our office if you’d like assistance with your personal financial situation.

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Ben Widdup
EGU | Financial Adviser

1300 102 542 | 0402 633 205
ben.widdup@egu.com.au
GPO Box 1598 Brisbane QLD 4001

This is general advice and has been prepared without considering your objectives, financial situation, or needs. You should therefore consider the appropriateness of the advice, in light of your own objectives, financial situation, or needs, before following this advice. If the advice relates to the acquisition, or possible acquisition of a particular financial product, you should obtain a copy of, and consider, the Product Disclosure Statement (PDS) for that product before making any decision.