Australia & New Zealand Economics Update Another fiscal surplus is in sight Today’s budget update showed that the government now expects a balanced budget in 2023/24, as opposed to the modest deficit it had projected a few months ago. With revenue likely to outperform the... 13th December 2023 · 3 mins read
Australia & New Zealand Economic Outlook Downturn will prompt policy easing next year We suspect that both economies will narrowly avoid a recession but a prolonged period of below-trend growth will reduce price pressures and allow central banks to ease monetary policy again. We’ve... 13th December 2023 · 20 mins read
Australia & New Zealand Economics Update What to make of the RBNZ’s new framework We doubt that the removal of the RBNZ’s employment objective would make much difference to economic outcomes, but forcing the Bank to achieve its inflation target within too short a period of time... 11th December 2023 · 3 mins read
Australia & New Zealand Economics Weekly Rate cuts will be in play sooner than most expect The RBA's revised Statement on the Conduct of Monetary Policy has been interpreted as hawkish by some commentators. However, our view is that the new statement doesn't meaningfully alter the RBA's... 8th December 2023 · 6 mins read
Australia & New Zealand Rapid Response Australia International Trade (Oct. 2023) 7th December 2023 · 2 mins read
Australia & New Zealand Economics Update RBA is done hiking rates Given the high bar for further rate hikes, we’re more confident than ever that the Reserve Bank of Australia is done tightening policy. That said, there is a good chance that the cash rate will remain... 5th December 2023 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Dec. 23) 5th December 2023 · 2 mins read
Australia & New Zealand Economics Weekly RBA has succeeded in stamping out housing rebound House price growth has been slowing in recent months and CoreLogic's daily data suggest that prices are now falling again in Melbourne and Sydney. A renewed downturn in the housing market suggests... 1st December 2023 · 6 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Nov.) House price growth kept slowing in Australia in November and, with affordability the most stretched since the early 1990s, that slowdown has further to run. 30th November 2023 · 3 mins read
Global Markets Update NZ bond yields’ divergence from other DMs may be over We think that long-term sovereign bond yields in New Zealand – which are currently among the highest in the developed world – will fall back to similar levels as those elsewhere over the next couple... 30th November 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia Private New Capital Expenditure (Q3 2023) 30th November 2023 · 2 mins read
FX Markets Update Currency markets and the G10 easing cycle With the post-pandemic global monetary tightening cycle now drawing to a close, this Update takes stock of where interest rate expectations in the G10 economies stand and what that implies for the... 29th November 2023 · 5 mins read
RBA Watch Tightening cycle is now over We expect the Reserve Bank of Australia to keep interest rates unchanged at its upcoming meeting on 5 th December. And while the resilience of trimmed mean inflation could prompt another 25bp rate... 29th November 2023 · 8 mins read
Australia & New Zealand Rapid Response Reserve Bank of New Zealand Meeting (Nov. 23) 29th November 2023 · 2 mins read
Australia & New Zealand Rapid Response Australia Monthly CPI Indicator (Oct. 23) 29th November 2023 · 2 mins read