Australia & New Zealand Rapid Response Australia Consumer Prices (Q1 2024) With price pressures proving inordinately resilient, there is little scope for the Reserve Bank of Australia to start loosening policy in the near future. 24th April 2024 · 2 mins read
Australia & New Zealand Economics Weekly Interest rate purgatory to continue for a while Much to the RBNZ's chagrin, inflation in New Zealand continued to have a four handle last quarter. The main culprit was non-tradables inflation, which remained uncomfortably high, at 5.8%. With the... 19th April 2024 · 5 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Mar. 24) The modest rise in unemployment last month doesn’t change the bigger picture that Australia’s labour market is firing on all cylinders. That being the case, the RBA will be in no rush to pivot to... 18th April 2024 · 2 mins read
Australia & New Zealand Economics Update Productivity malaise may last until end of this decade Weak capital spending is a key reason for Australia’s poor productivity performance. While investment growth has been strong recently, we think it will take until the second half of this decade before... 15th April 2024 · 4 mins read
Australia & New Zealand Economics Weekly RBNZ still on track to cut rates in August Although the RBNZ toned down its hawkish bias at its meeting this week, markets seem to be worried the Bank will take its cue from the Fed and keep rates higher for longer. However, with domestic... 12th April 2024 · 5 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Apr. 2024) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The minutes of their most recent meetings revealed that the RBA and the RBNZ... 11th April 2024 · 1 min read
Australia & New Zealand Economics Weekly Firm population growth creates quandary for the RBA The minutes of the RBA’s March meeting revealed that the Board has now dropped its tightening bias. However, we suspect it will be a while before the Bank can be confident it has broken the back of... 5th April 2024 · 4 mins read
Australia & New Zealand Economics Focus Unemployment needs to reach 5% to cool inflation We believe that the “narrow path” of returning inflation to target while keeping unemployment below pre-pandemic levels is wishful thinking. The Reserve Bank of Australia won’t bring domestic cost... 4th April 2024 · 15 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Mar.) Australian house prices continued to pare their gains last month. And a further loss of momentum appears likely in the near term, especially given that the RBA is unlikely to come to the housing... 2nd April 2024 · 3 mins read
Australia & New Zealand Economics Weekly RBA to cut rates only in November While the data released this week confirm that Australia's economy is cooling, it is far too early for the RBA to declare victory in its fight against inflation. Indeed, underlying inflation seems to... 28th March 2024 · 4 mins read
Australia & New Zealand Rapid Response Australia Retail Sales (Feb. 24) 28th March 2024 · 3 mins read
Australia & New Zealand Economic Outlook Monetary policy will remain restrictive for longer Australia’s GDP growth will remain soft throughout the first half of the year so the recent stalling in inflation should be followed by a renewed moderation. However, as the labour market remains very... 27th March 2024 · 20 mins read
Australia & New Zealand Rapid Response Australia Monthly CPI Indicator (Feb. 24) Headline Inflation in February once again came in below the expectations of both the analyst consensus and the RBA. But trimmed mean inflation unexpectedly saw a leg up, which could give the RBA pause... 27th March 2024 · 2 mins read
Australia & New Zealand Economics Weekly Strong labour market complicates picture for RBA Although the RBA toned down its hawkish bias at its meeting on Tuesday, yesterday's frothy jobs report may well spur a reversal on that front. Indeed, the labour market appears to be holding up a lot... 22nd March 2024 · 5 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Feb. 2024) The sharp drop in unemployment in February was likely a blip, rather than a trend. With job vacancies continuing to fall back, we suspect the unemployment rate will rise anew in the months ahead. 21st March 2024 · 4 mins read
