May 07, 2024
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722081713&Signature=tLITtGgsa1tcqR7fj-U17ExrFe3MHg4Ezd55Wd9zFvpuaMwVdnaJuvHSSUbi~0ND6xyGucq9LDlVxC5LtK2DD3D0-T-S~3NLjdhZmSE6UHXUGRayLqm7livSax0hv9XYtJLQpkRFZOT127zqcu3-KTexzCfE2721OOdk-MNgJjQrzLW6YYU7RvbQXMuUgDHPpA6vzJPuY3KnwXUoH5IPEW-zyW81tbop5jBvIvZl5hX7nONu99h9kM5Q3bPc6x11BQKaPZ1X7MLMA48Jvob7iAMe3A7tLi1Yzx4fW52wxk4DI~8u5qgbFCs3w1Urx5jp9ARZxlGmaUMIy6wXmeHQpw__&Key-Pair-Id=K2NMLIS3J0RGKR)
Australia RBA Cash Rate Target 4.35% (consensus 4.35%) in May-24
- The RBA held the cash rate at 4.35% amid ongoing but moderating inflation, particularly in the services sector, reflecting a cautious approach to ensure inflation returns to the 2-3% target range by the second half of 2025.
- Economic uncertainties, including persistent services inflation, global geopolitical risks, and the effects of previous rate hikes on consumption and economic growth, continue to influence the RBA’s policy decisions.
- The RBA maintains a flexible policy outlook, indicating that future rate adjustments will be data-driven and contingent upon evolving economic conditions and inflation trajectories, with a strong commitment to achieving its inflation target.
April 24, 2024
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722081713&Signature=tLITtGgsa1tcqR7fj-U17ExrFe3MHg4Ezd55Wd9zFvpuaMwVdnaJuvHSSUbi~0ND6xyGucq9LDlVxC5LtK2DD3D0-T-S~3NLjdhZmSE6UHXUGRayLqm7livSax0hv9XYtJLQpkRFZOT127zqcu3-KTexzCfE2721OOdk-MNgJjQrzLW6YYU7RvbQXMuUgDHPpA6vzJPuY3KnwXUoH5IPEW-zyW81tbop5jBvIvZl5hX7nONu99h9kM5Q3bPc6x11BQKaPZ1X7MLMA48Jvob7iAMe3A7tLi1Yzx4fW52wxk4DI~8u5qgbFCs3w1Urx5jp9ARZxlGmaUMIy6wXmeHQpw__&Key-Pair-Id=K2NMLIS3J0RGKR)
Australia CPI Inflation 3.6% y-o-y (consensus 3.4%) in Q1-24
- Australia's CPI inflation rate dropped by 0.5 percentage points to 3.6% y-o-y in Q1-24, but that still exceeded consensus expectations of 3.4%.
- The upside news was in underlying pressures as the weighted median held at 4.4%, and the trimmed mean disappointed by only slowing 0.2pp to 4%.
April 18, 2024
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722081713&Signature=tLITtGgsa1tcqR7fj-U17ExrFe3MHg4Ezd55Wd9zFvpuaMwVdnaJuvHSSUbi~0ND6xyGucq9LDlVxC5LtK2DD3D0-T-S~3NLjdhZmSE6UHXUGRayLqm7livSax0hv9XYtJLQpkRFZOT127zqcu3-KTexzCfE2721OOdk-MNgJjQrzLW6YYU7RvbQXMuUgDHPpA6vzJPuY3KnwXUoH5IPEW-zyW81tbop5jBvIvZl5hX7nONu99h9kM5Q3bPc6x11BQKaPZ1X7MLMA48Jvob7iAMe3A7tLi1Yzx4fW52wxk4DI~8u5qgbFCs3w1Urx5jp9ARZxlGmaUMIy6wXmeHQpw__&Key-Pair-Id=K2NMLIS3J0RGKR)
Australia Unemployment Rate 3.84% (consensus 3.9%) in Mar-24
- Australia's unemployment rate in Mar-24 increased by marginally less than the consensus forecast, indicating relative stability in the labour market.
- However, the 3.84% rate remains higher than the one-year and long-run averages, and employment decreased, signalling weaker demand.
March 19, 2024
![AU.png](https://static.heteronomics.com/images/AU.2e16d0ba.fill-1080x607.png?Expires=1722081713&Signature=tLITtGgsa1tcqR7fj-U17ExrFe3MHg4Ezd55Wd9zFvpuaMwVdnaJuvHSSUbi~0ND6xyGucq9LDlVxC5LtK2DD3D0-T-S~3NLjdhZmSE6UHXUGRayLqm7livSax0hv9XYtJLQpkRFZOT127zqcu3-KTexzCfE2721OOdk-MNgJjQrzLW6YYU7RvbQXMuUgDHPpA6vzJPuY3KnwXUoH5IPEW-zyW81tbop5jBvIvZl5hX7nONu99h9kM5Q3bPc6x11BQKaPZ1X7MLMA48Jvob7iAMe3A7tLi1Yzx4fW52wxk4DI~8u5qgbFCs3w1Urx5jp9ARZxlGmaUMIy6wXmeHQpw__&Key-Pair-Id=K2NMLIS3J0RGKR)
Australia RBA Cash Rate Target 4.35% (consensus 4.35%) in Mar-24
- The RBA's decision to maintain the policy rate at 4.35% reflects moderating headline inflation but ongoing high services inflation, complicating the balance between controlling price levels and supporting economic growth.
- Economic uncertainties, including the sustainability of productivity growth, global inflation trends, and geopolitical risks, are critical in shaping the RBA's forward-looking monetary policy stance.
- The RBA emphasizes its commitment to returning inflation to its target range. Future policy decisions will be highly data-driven, taking into account the evolving landscape of domestic demand, labour market conditions, and global economic trends.
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