Australia’s economic growth is expected to recover from its multi-decade lows when gross domestic product figures are revealed in the nation’s quarterly health check. The national accounts for December, due from the Australian Bureau of Statistics on Wednesday, are expected to show the economy accelerated from the 0.8 per cent annual growth rate recorded in […]
Australian economy to get pulse check, RBA minutes drop Read More »
Australia has hit a bump on the road to disinflation but there are promising signs housing affordability challenges are easing. The Reserve Bank of Australia’s preferred measure of underlying inflation – the trimmed mean – rose 10 basis points to 2.8 per cent in January, the Australian Bureau of Statistics reported on Wednesday. Crucially though, […]
Underlying inflation up but good news on housing, rents Read More »
Interest rate relief could be around the corner after underlying inflation came in below expectations. Core inflation fell to 3.2 per cent in the year to December, opening the door for the Reserve Bank of Australia to cut the cash rate at its next meeting. The trimmed mean, which is the central bank’s preferred measure […]
Interest rate cut hopes rise on soft inflation print Read More »
Australia’s jobs market continues to show “remarkable” resilience with stronger than expected employment growth tempering hopes of a February rate cut. About 56,000 jobs were added to the economy in December, the Australian Bureau of Statistics reported on Thursday, well above market expectations of 15,000 new jobs. Despite the unemployment rate ticking up from 3.9 […]
Strong jobs growth data deflates February rate cut hope Read More »
Australia’s economy is still growing – but only just – though economists are unconvinced the weaker-than-expected data will bring forward keenly-anticipated interest rate cuts. Full-year growth fell to 0.8 per cent in September, down from one per cent in June and below the 1.1 per cent consensus forecast. Australian Bureau of Statistics head of national […]
Economy yet to shake malaise as growth misses forecasts Read More »
Australia’s inflation rate may have undershot expectations to hold at the bottom of the central bank’s target band but borrowers should not expect interest rate cuts just yet. The annual headline inflation rate has held at 2.1 per cent in October for a second month, coming in a little below expectations of a 2.3 per […]
Christmas rate cut hopes slayed as inflation holds firm Read More »
Australia’s annual headline inflation rate has held at 2.1 per cent in October for a second month, coming in a little below expectations. Despite clocking a second month at the bottom of the Reserve Bank of Australia’s two-three per cent target range, the central bank has been more focused on underlying measures that strip out […]
Annual inflation rate hangs on at 2.1 per cent Read More »
Australia’s annual inflation rate has returned to the range targeted by the central bank, clocking in at 2.8 per cent in the September quarter. The headline annual rate was down a whole percentage point from the June quarter and landed broadly in line with expectations. The Australian Bureau of Statistics said this was the lowest […]
Inflation eases to 2.8 per cent in September quarter Read More »
Consumers can see light at the end of the tunnel as fears of further interest rate hikes fade. As signs of improving consumer and business confidence emerged, minutes from the Reserve Bank of Australia’s last meeting confirmed the case to lift interest rates again was not explicitly discussed. Commonwealth Bank head of Australian economics Gareth […]
Spring brings brighter outlook as rate hike fears fade Read More »
A drop in inflation has been welcomed as a small respite for struggling shoppers but households are being warned prices are set to bounce around and not come down in a straight line. Inflation cooled to 2.7 per cent in the 12 months to August, down from 3.5 per cent in July, taking it to […]
Power subsidies and cheaper petrol drive down inflation Read More »
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