Australian interest rates

With a Labour government running an immigration-led labour market expansion economic model that intrinsically lowers living standards, the last thing beleaguered Australian households needed was the RBA to join the economic stomping.

Inflation is falling across the advanced world.

Following a wave of softer-than-expected data and the dovish May RBA decision, CBA has revised its expectations for interest rate cuts forward.

Via the ABS.

The official Q1 CPI inflation data from the Australian Bureau of Statistics (ABS) revealed that the policy-important trimmed mean inflation rate fell to 2.9% year over year, staying within the Reserve Bank of Australia’s (RBA) inflation target range of 2% to 3%.

According to Westpac, financial markets have now priced a 97% chance that the Reserve Bank of Australia (RBA) will reduce the official cash rate (OCR) at its monetary policy board meeting in July.

The NAB survey yesterday was a shocker.

Gerard Minack destroys Australia’s sick economy.

All one really needs to be seen to be smart is Australia’s is to be loudest.

Westpac states the obvious.

Poor old McGoo, does it again it. From Goldman: Overall, the late-2024 pick-up in Australian economic momentum looks to have faltered in 1Q2025, raising downside risks to the RBA’s (recently downgraded) forecast consumer recovery.

Financial markets believe that the Reserve Bank of Australia (RBA) will deliver another three 25 bp cuts to the official cash rate (OCR) in 2025, taking the OCR to 3.10% by year end.

The official Q1 CPI inflation print from the Australian Bureau of Statistics (ABS) showed that the policy-important trimmed mean inflation rate declined to 2.9% year-on-year, within the Reserve Bank of Australia’s (RBA) inflation target of 2% to 3%.

Westpac is reading the economy right as examines Q1 GDP.

The post-COVID burst in Aussie business investment is over.

Westpac on monthly inflation.

The Q1 quarterly inflation release from the Australian Bureau of Statistics (ABS) revealed that annual trimmed mean inflation declined to 2.9%, to be within the Reserve Bank of Australia’s (RBA) 2% to 3% inflation target.

Here comes the bear doves, via The AFR: Tim Toohey was the local chief economist at Goldman Sachs for more than a decade.

Home buyer demand increased recently following the federal election and expectations of an imminent interest rate cut from the Reserve Bank of Australia (RBA). As illustrated below, final auction clearance rates (current to 18 May) showed a marked rebound across Sydney, Melbourne, and the combined capital city markets.

Australia is a kind of mind-moulding autocracy in which the words “immigration” and “racist” are interchangeable.

Westpac summarises the drivel.

The media release accompanying the Reserve Bank of Australia’s (RBA) 0.25% cut to the official cash rate (OCR) on Tuesday was a fairly vanilla affair that took a neutral stance.

Treasurer Jim Chalmers has not ruled out extending the federal government’s $6.8 billion energy rebates again.