Australian interest rates

Bloomberg has the scoop.

On Wednesday, the Australian Bureau of Statistics (ABS) released the monthly CPI inflation indicator for July, which recorded a jump in annual headline inflation to 2.8%, up from up a hefty 0.9% from the 1.9% reported in June.

Goldman with an important note.

The Australian Bureau of Statistics (ABS) has released the monthly CPI indicator for July, which reported a sharp jump in both headline and trimmed mean CPI inflation.

The sight of so many flabby central bankers running nowhere inside a rat wheel is enough to make you barf.

There is nothing a central banker likes more than to waste money while forcing everybody else into austerity.

With the release of the Reserve Bank of Australia’s (RBA) latest Statement on Monetary Policy last week, the media focus was swiftly placed squarely upon the RBA’s forecast that productivity growth would be anaemic 0.7% per year on a long-term time horizon.

Alongside this week’s 0.25% interest rate cut from the Reserve Bank of Australia (RBA), it noted that it expects to lower the cash rate “gradually”.

Albo is not a policy coward.

As expected, the Reserve Bank of Australia (RBA) cut the official cash rate by 0.25% to 3.60%.

ANZ has a funny cash rate analysis today.

The news on inflation continues to improve, following the latest benign Q2 CPI print from the Australian Bureau of Statistics (ABS). On Monday, the Westpac-Melbourne Institute (MI) monthly CPI gauge was released.

When the RBA released its forecasts for the economy in May, their expectation was that unemployment would rise to 4.3% by the end of 2025 and remain there until mid-2027, the conclusion of the forecast period.

Criticism of the RBA is usually implicit.

Justin Fabo from Antipodean Macro and Alex Joiner from IFM Investors published superb sets of charts on Wednesday’s Q2 CPI inflation report from the Australian Bureau of Statistics (ABS), which all but guarantees a 25 bp rate cut at next month’s Reserve Bank of Australia (RBA) monetary policy meeting.

The Reserve Bank of Australia (RBA) said that it was awaiting two vital pieces of data before lowering rates: the June labour force report and the Q2 CPI inflation print.

A wise man once said that “Hope is not a strategy.” But that isn’t entirely correct.

How can the central bank of the only enduring immigration-led, labour market expansion economic model on earth never mention immigration?

As we know, the corrupt RBA won’t ever mention immigration, so it’s unable to forecast anything, least of all inflation.

The Reserve Bank of Australia (RBA) shocked economists by holding the official cash rate (OCR) at 3.85% at its latest monetary policy meeting.

Australia’s ‘miracle’ labour market has been living in somewhat of a fool’s paradise.

The economy must suffer, and workers in particular, because the Reserve Bank of Australia will not, under any circumstances, mention immigration.

This is what happens when you drive a car through the rear vision mirror.

The overpaid, underqualified, and incoherent RBA has done it again according to Goldman.