Australia is exceptional. Monetary easing cycles may be in full swing in many advanced economies, but the Reserve Bank shows no appetite to cut rates yet. Even though headline and core inflation are cooling, the labour market remains too tight for comfort and we think that will keep the Bank from lowering rates until the start of 2025.
Market pricing shows investors are coming round to our view, though all eyes will be on the release of the Q3 CPI report on Wednesday, 30th October for signals about the path ahead for monetary policy.
Join economists from our ANZ team shortly after that CPI release for a discussion all about the Australian inflation and rate outlook and market implications – and why the RBNZ could soon step up its easing pace even as the RBA continues to hold fire. During this 20-minute briefing, the team will be answering your questions as they address key issues, including:
- Why Australia is behind other advanced economies in reining in inflation;
- How Q3 inflation numbers could influence RBA policy;
- What’s driving the divergence between Australian and New Zealand monetary policy;
- …and what this all means for financial markets.
Please note you must be logged in to register for this Drop-In. If you do not have a subscription but would like to attend, please contact support@capitaleconomics.com.