Global Economics Focus Have we reached the end of the housing correction? Housing markets in developed economies have perplexed forecasters since 2019. The boom in prices in 2020-22 was not anticipated, and the fall in prices since has been smaller than expected. In this... 14th February 2024 · 17 mins read
Australia & New Zealand Economics Weekly Next move is still down for Antipodean central banks Although the RBA refused to rule out additional interest rate increases at its meeting this week, we suspect a cooling economy will obviate the need for further policy tightening. That said, in... 9th February 2024 · 5 mins read
Australia & New Zealand Rapid Response Australia Monthly Household Spending Indicator (Dec. 23) 9th February 2024 · 2 mins read
Australia & New Zealand Economics Update RBA pours cold water on the prospect of early rate cuts With the Reserve Bank of Australia still striking a hawkish tone at its meeting today, we’re pushing back our forecast for the Bank’s first rate cut from May. But we still think that incoming data... 6th February 2024 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Feb. 24) 6th February 2024 · 2 mins read
Australia & New Zealand Economics Weekly A tale of two central banks Inflation is moderating rapidly in Australia, despite elevated shelter costs. Moreover, there's little evidence to suggest that a tight housing market is supporting domestic demand through housing... 2nd February 2024 · 6 mins read
FX Markets Update The worst may be over for the Australian and NZ dollars We don’t expect the Australian and New Zealand dollars – which have been two of the worst-performing G10 currencies this year – to fall much further. 2nd February 2024 · 2 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Jan.) Although house price gains remained firm in January, we still expect them to soften in the months ahead. While rate cuts are on the horizon, they will do little to improve homebuying capacity. 1st February 2024 · 2 mins read
RBA Watch A dovish pivot is on the horizon We expect the Reserve Bank of Australia to leave rates on hold at its February meeting. But as inflation plunges, the case for policy to remain restrictive for a prolonged period looks increasingly... 31st January 2024 · 7 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q4 2023) 31st January 2024 · 3 mins read
Australia & New Zealand Economics Weekly Tax cut revamp unlikely to prove inflationary Some commentators have raised concerns that the Australian government's changes to forthcoming Stage 3 income tax cuts could add fuel to the inflation fire. However, we remain sceptical, given that... 26th January 2024 · 6 mins read
Australia & New Zealand Economics Update Case for tighter macroprudential measures is weak While Australian households are as indebted as ever and mortgage payments have hit fresh record-highs, lending standards continue to be sound, loan defaults remain subdued and banks are well... 23rd January 2024 · 4 mins read
Australia & New Zealand Economics Weekly Homebuilding slump isn’t as bad as it seems With new dwelling commencements falling to a 11-year low, some commentators have raised concerns that a lack of housing supply will fuel a resurgence in inflationary pressures. However, we're not... 19th January 2024 · 4 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Jan. 2024) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Central banks in both Australia and New Zealand are likely to remain in “wait... 18th January 2024 · 1 min read
Australia & New Zealand Rapid Response Australia Labour Market (Dec. 2023) 18th January 2024 · 4 mins read
