Australia & New Zealand Economics Update How much cushion do excess savings provide? Australian households have built up more excess savings than those in other large, advanced economies and we estimate that those savings will only be depleted by the end of 2025. Even so, we still... 18th December 2023 · 4 mins read
Australia & New Zealand Economics Weekly Migration curbs won’t adversely dent labour supply The ongoing boom in net overseas migration to Australia is helping to take the heat out of the labour market. With public attitudes towards mass migration souring, the government announced this week... 15th December 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Nov. 23) Even though employment growth remains strong, job creation isn’t fast enough to absorb the surge in the labour force. Accordingly, we expect the unemployment rate to keep rising. 14th December 2023 · 2 mins read
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 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
Australia & New Zealand Rapid Response Australia Private New Capital Expenditure (Q3 2023) 30th November 2023 · 2 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 Australia Monthly CPI Indicator (Oct. 23) 29th November 2023 · 2 mins read
