Traders are still betting on the Reserve Bank to cut rates at its next meeting, but rising housing costs and low productivity growth will worry the RBA board.
Jacob Shteyman
The latest reading on inflation has defied predictions from economists of a fall deeper into the Reserve Bank’s comfort zone.
Daniel Newell
Former RBA governor Philip Lowe is worried Australia’s prosperity is at risk from political failures to fix productivity and the global move away from free trade.
Matt Mckenzie
In cutting rates by 0.25 percentage points last week, the Reserve’s board warned “geopolitical uncertainties remain pronounced”, which is code for “Donald still be cray”.
Ben Harvey
There is ‘striking confidence’ in China that the country can win a trade war with the United States, Reserve Bank deputy boss Andrew Hauser has revealed.
Wesfarmers boss Rob Scott says this week’s rate cut is welcome news but it will take time to seep into consumer spending, warning many low income workers are ‘still doing it tough’.
Cheyanne Enciso
A new survey has found 60 per cent of mortgage holders would still be battling after banks pass on the 0.25 per cent rate cut.
Kim Macdonald
Analysts have warned the Reserve Bank may wait before pulling the trigger on another interest rate cut, despite governor Michele Bullock’s soft tone on Tuesday sparking expectations of rapid-fire relief.
Leeming mother-of-two Lorie Langley has welcomed the Reserve Bank’s second interest rate cut this year, saying the savings will be used to help pay off her mortgage faster.
The Reserve Bank is expecting inflation will remain under control for the next two years but there’s a new economic threat looming.
It’s a cut! A second dose of mortgage relief is on the way for Aussie borrowers after the Reserve Bank lowered interest rates 0.25 percentage points.
The Reserve Bank has cut interest rates, providing relief for millions of Aussie homeowners. Recap their decision here.
David Johns
Finally, inflation appears sustainably within the RBA’s target band of between 2 and 3 per cent, without sacrificing the jobs of too many Australians in the process.
Editorial
The Reserve Bank is widely tipped to cut interest rates on Tuesday despite an easing of trade war tensions and strong jobs growth.
An exceptional month of Australian jobs growth has sparked warnings of an inflation bounce, but an interest rate cut next week is still seen as highly likely.
Australia’s consumer sentiment recovered slightly in May following Anthony Albanese’s landslide election win and as prospects of future interest rate cuts become more likely.
Most analysts are asking not if, but by how much, the Reserve Bank will cut interest rates — and upcoming jobs data could be pivotal to that decision.
Under-pressure homeowners are set to win in a new mortgage war sparked by as many as four interest rate cuts this year, as major lenders race to slash fixed rates to entice new customers.
Australia’s household spending has snapped a five-month winning streak as the impact of cyclone Alfred on the east coast disrupts the cash splash, giving the Reserve Bank another reason to cut rates in May.
‘Good, but not great’: Core inflation has edged back into the Reserve Bank’s target band and economists say an interest rate cut remains likely.
A flood of superannuation cash into global markets has meant Australia’s reliance on foreign investment has fallen to levels not seen in 40 years.
Major banks are locking in expectations of an interest rate cut in May just as new Reserve Bank research shows the impact of relief would extend far beyond mortgages.
Australia will have close to the highest inflation among developed nations next year even as the global economy teeters on the brink through a trade storm and surging public debt, the IMF predicts.
Australia’s jobs market posted another solid month in March but the Reserve Bank will be focused on the road ahead amid a growing trade war.
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