Consumer price temperature check key to rates outlook

25 April

Australia’s hotly anticipated quarterly consumer price index will land amid fears inflation progress is stalling in some advanced economies and threatening to delay interest rate cuts. Consecutive months of hotter-than-expected United States...[Read More]

Reserve Bank’s shift to neutral likely to be reinforced

3 April

With less than six weeks to go before the next Reserve Bank of Australia decision on interest rates, borrowers are about to get more signals on what it might do next. The central bank has left the key cash rate unchanged at 4.35 per cent following...[Read More]

Reserve Bank shelves formal rate hike talk

3 April

No other option aside from keeping interest rates on hold was formally entertained at the Reserve Bank of Australia’s last interest rate meeting. The decision to leave interest rates untouched at 4.35 per cent was widely expected at the meeting...[Read More]

Inflation holds steady but services prove stubborn

28 March

The final stretch to bring inflation back to target is proving challenging, based on fresh data, though that is broadly what the Reserve Bank expected. The Australian Bureau of Statistics’ monthly inflation indicator held steady at 3.4 per cent...[Read More]

Rates on hold but RBA ‘not ruling anything in or out’

20 March

The Reserve Bank has left interest rates at 4.35 per cent for the third meeting in a row in an almost universally expected move reflecting inflation that is cooling but still too high. The board came to its decision on Tuesday after two days of...[Read More]

Rate peak to buoy confidence and possibly home prices

20 March

Another month on hold and growing expectations the next interest rate move will be down could add to already robust housing demand and keep pressure on home prices. Following the Reserve Bank’s widely expected decision to leave interest rates...[Read More]

Swifties boost spending

14 March

The Australian economy got a leg up from Taylor Swift concerts but the much-anticipated visit was not enough to counter penny pinching elsewhere. Spending as tracked by Commonwealth Bank has been generally subdued and fell 0.3 per cent over the...[Read More]

Economy hit by rates and inflation

6 March

Australia’s economy limped across the 2023 finish line as financially-strained households pinched pennies and prioritised essentials over nice-to-haves. The economy expanded 0.2 per cent in the three months to December – broadly in line with...[Read More]

Consumer price index steady at 3.4 per cent in January

28 February

Australia’s consumer price index held steady at 3.4 per cent in the 12 months to January, coming in below expectations. The index had been widely expected to rise by 3.6 per cent on an annual basis, when the data was released by the Australian...[Read More]

Consumers, productivity still cloud outlook: RBA

22 February

Stubbornly high inflation, a failure to revive productivity growth and a deeper consumption slowdown are all live possibilities keeping the Reserve Bank on guard. Cutting interest rates was not discussed at the February cash rate meeting, with board...[Read More]

Rate hike case scuttled by improving inflation outlook

22 February

The Reserve Bank of Australia is growing more confident it can conquer inflation in the time-window it has given itself. Yet it’s still too early for it to consider interest rate cuts, with board members discussing another 25 basis point hike or...[Read More]

Treasury eyes ‘rare’ full employment opportunity

15 February

Australia has a chance to keep the gains in the jobs market generated by the pandemic recovery, Treasury says, provided it plays its cards right. “With the right policy choices, there remains a rare opportunity to sustain the economy closer to...[Read More]

‘Nothing’s in, nothing’s out’: RBA keeps options open

8 February

Reserve Bank governor Michele Bullock is keeping her options open on interest rate movements both up and down and remains alert to economic risks on the horizon. “Nothing’s in, nothing’s out,” Ms Bullock said during the first-ever...[Read More]

Living pressures ease for employee households

8 February

Working families are still under acute financial pressure but fewer cash rate hikes of late has tempered growth in their overall living costs. In the 12 months to the December quarter, living costs rose 6.9 per cent for employee households, down...[Read More]

Thrifty December cures sales-fuelled debt hangover

7 February

Frenzied spending during the Black Friday sales left many nursing credit card debt in the lead-up to Christmas. Australia’s credit card bill attracting interest charges inched higher by $21 million in December to $17.31 billion, Reserve Bank of...[Read More]