| Will rates rise in November? Our October investment and economic outlook. Zero-based budgets. | | View this email online |  |  | Welcome to this week's edition of Smart Investing.
The first Tuesday in November is Melbourne Cup Day, and it's also the day the Reserve Bank of Australia's board meets for its November monetary policy meeting. This year, as well as following the horse races, many Australians will be wondering whether the RBA will lift interest rates once again after a four-month pause.
In our lead article Vanguard's Senior Economist Asia-Pacific, Alexis Gray, says the case for one to two more rate hikes remains strong as inflation continues to stick well above the RBA's 2%-3% target band.
Meanwhile, our October investment and economic outlook suggests that consumption rates in Europe will fall over the first-half of 2024 as a result of higher interest rates there, while we continue to expect another two to three rate rises in the United States. Read out full region-by-region outlook.
Lastly, in the final of our four-part series on personal budgeting, we look at the zero-based budget method. It's a good strategy for people who like to track where their dollars are going.
| | | | | The next bet on interest rates | | The Reserve Bank has stated is has a low tolerance for a slower return of inflation to its target band. | | Read article | | | | | | | Our investment and economic outlook, October 2023 | | Read our region-by-region economic outlook and latest forecasts for investment returns. | | Read article | | | | | | | How to use the zero-based budget method | | This is a good strategy for people who focus on the details and like to track where all their dollars are being spent. | | Read article | | | | | | | ETF investors lift inflows into equities and fixed income | | Investors have shown renewed interest in ETFs that invest in Australian shares while continuing to back bond ETFs. | | Read article | | | | | | | Why bonds beat term deposits for long-term investors | | Term deposits rates have risen in line with interest rates. But don't discount bonds for longer-term outperformance. | | Read article | | | | Vanguard and its employees wish to acknowledge the Traditional Custodians of Country throughout Australia where we operate our business. We recognise their connection to the land, water and culture and wish to pay our respects to their Elders past, present and emerging.
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