Australian interest rates

The Aussie bond curve is starting to price in the RBA policy error.

Don’t say I didn’t warn you.

Even before yesterday’s 0.5% rise in the official cash rate (OCR) by the Reserve Bank of Australia (RBA), major indicators were pointing to the beginning of a severe house price correction.

Despite non existent wage pressures, the Reserve Bank of Australia (RBA) has hiked the official cash rate (OCR) by 0.5%.

Good job, RBA: Well done, RBA.

As we know, the the Reserve Bank of Australia (RBA) is forecast to aggressively lift interest rates over the coming year.

Our Bill is slashing his outlooks.

By Gareth Aird, head of Australian economics at CBA: Key Points: The RBA is widely expected to raise the cash rate at the June Board meeting.

The robot whisperer Charlie McElligott at Nomura.

This is the Chanticleer takes on the eastern energy crisis: We are reliant on an ageing fleet of coal-fired power stations, whose poor reliability issues are causing increasing amounts of gas to be used to generate electricity.

A group of eleven prominent Australian economists have penned an an open letter to Treasurer Jim Chalmers calling for the upcoming review of the Reserve Bank of Australia (RBA) to be chaired by an independent overseas expert: “Full independence is crucial if the review is to make the most of this unique opportunity”.

For the past few years, the Albanese opposition ran a small target opposition to put the toxic Scott Morrison at the center of the election.

Goldman explores the question.

Treasurer Jim Chalmers has signaled that the new government will move quickly to review the Reserve Bank of Australia (RBA).

BofA with a quick insight into why the Fed is not worried about stock prices right now.

Goldman with an interesting, Basically, US rate shocks are Chinese growth shocks. — Our global financial conditions index (FCI) has tightened, in part because the Fedhas turned more hawkish in the face of rising inflation but slowing growth.

Here’s what the Lunatic RBA said in Minutes this week: Turning to domestic economic conditions, members observed that price pressures were intensifying and there was upward pressure on wages.

Westpac with the note.