Australian interest rates

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.

This is the ship of fools that nearly cut rates 50bps in May, then didn’t cut at all in the following meeting despite an economy that had clearly deteriorated.

When the Reserve Bank Governor Philip Lowe first began raising interest rates in May 2022, the question in the minds of many commentators and economists was, when will they be cut again?

After years of failure, the RBA has given up entirely on forecasting and is driving through the rearview mirror.

Jesus, what a pack of nupties.

In the nation’s collective consciousness there are few issues that occupy as much mental headspace and backyard BBQ conversation as interest rates.

As the global economy continues to decelerate amidst a backdrop of escalating trade conflicts and war in the Middle East, interest rate futures markets are increasingly pricing in additional rate cuts from the RBA.

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.