Australia & New Zealand Economics Weekly ANZ Weekly: RBA Board, Aus. Budget Update, NZ GDP Although the Australian Treasurer’s new appointments to the RBA’s monetary policy committee were well received, the same cannot be said of his mid-year Budget Update. The government appears intent on... 20th December 2024 · 5 mins read
Australia & New Zealand Economics Weekly RBA’s dovish tilt won’t bring an earlier rate cut The Reserve Bank of Australia struck a rather dovish tone at its meeting this week. As a result, markets see a growing chance that the Bank will begin its easing cycle as soon as February. However... 13th December 2024 · 5 mins read
Australia & New Zealand Economic Outlook ANZ Outlook: RBA and RBNZ to walk different paths Although their recent performance leaves much to be desired, we believe that both Antipodean economies are on the cusp of a cyclical upswing. But while the RBNZ has ample room to support the recovery... 12th December 2024 · 20 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Nov. 2024) With the labour market still firing on all cylinders, there’s little need for the RBA to rush to loosen policy. Accordingly, we still think the Bank won’t deliver its first rate cut before next May. 12th December 2024 · 2 mins read
Australia & New Zealand Economics Update RBA will only cut interest rates in May The RBA sounded more dovish today and it’s looking increasingly likely that it will lower interest rates sooner rather than later. While a downside surprise in Q4 inflation could trigger a February... 10th December 2024 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Dec. 2024) 10th December 2024 · 2 mins read
Australia & New Zealand Economics Weekly Despite sluggish activity, RBA will only cut in May With Australian Q3 GDP data underperforming expectations, markets now think the RBA could begin its easing cycle as soon as April. To be sure, it is certainly the case that private demand showed few... 6th December 2024 · 5 mins read
RBA Watch RBA will wait until May before cutting rates The RBA will leave interest rates unchanged at its upcoming meeting on 10 th December. While the weakness in economic activity points to rate cuts before long, we think the Bank will need to see... 4th December 2024 · 7 mins read
Australia & New Zealand Rapid Response Australia GDP (Q3 2024) GDP growth remained sluggish in the third quarter, adding to the case for the RBA to start easing policy before long. 4th December 2024 · 2 mins read
Australia & New Zealand Economics Update Stretched affordability bodes poorly for housing cycle Although Australian house prices edged up a notch in November, we remain sceptical about prospects for a second wind in the housing cycle. Given that the RBA is unlikely to provide interest-rate... 2nd December 2024 · 3 mins read
Australia & New Zealand Rapid Response Australia Retail Sales (Oct. 24) 2nd December 2024 · 2 mins read
Australia & New Zealand Economics Weekly RBA to cut rates in Q2 as underlying inflation softens The renewed pick-up in trimmed mean inflation in October marked the final nail in the coffin for a rate cut before year-end. To be sure, by our measures quarterly trimmed mean inflation is on track to... 29th November 2024 · 5 mins read
Australia & New Zealand Economics Update Why is the RBNZ slashing rates but the RBA is not? While the RBNZ started hiking rates earlier during the recent tightening cycle than the RBA, it also lifted rates to a higher peak. The RBA tempered the degree of tightening in order to preserve the... 28th November 2024 · 3 mins read
Australia & New Zealand Rapid Response Australia Monthly CPI Indicator (Oct. 24) The stagnation in headline inflation in October belies a renewed uptick in trimmed mean inflation and we’re sticking to our forecast that the RBA won’t cut interest rates before Q2 next year 27th November 2024 · 2 mins read
Australia & New Zealand Economics Weekly Stillborn student cap adds to inflationary pressure The government's planned caps on foreign students won't see the light of the day because the Senate won't approve them. While foreign student commencement will still fall over the coming year, the... 22nd November 2024 · 5 mins read
