At its meeting today, the Board decided to: increase the cash rate target by 25 basis points to 2.60 per cent increase the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. Today’s increase in interest rates will help achieve this goal and further…

  Which key events have been driving markets? Find out with Senior Economist Bob Cunneen. |Read More|

At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 2.35 per cent increase the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. It is seeking to do this while keeping the economy on an…

Welcome to the August edition of the Economic Update by Senior Economist, Bob Cunneen Find out which key events have been driving markets: Central banks continue to rapidly raise interest rates to contain inflation. Australia’s central bank raised the interest rate by 0.5% in both July and August. The US central bank raised interest rates…

At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 1.85 per cent increase the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return of inflation to the 2–3 per cent range over time, while keeping the economy on an even keel….

At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 1.35 per cent the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Global inflation is high. It is being boosted by COVID-related disruptions to supply chains, the war in Ukraine and strong demand which is putting pressure…

Economic_Update_-_June_2022.pdf

Highlights: Australia’s S&P/ASX 200 Index finished the month of May -2.6%, with all sectors of the market lower except Materials. The US Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years, in response to the high inflation rate.  Annual inflation rose to 8.1% in the Euro zone,…

At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 85 basis points increase the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased significantly. While inflation is lower than in most other advanced economies, it is higher than earlier…

Highlights: Australia’s S&P/ASX 200 Index finished lower over the month masking positive performance from seven out of 11 underlying sectors. Information Technology (-10.4%), Materials (-4.3%) and Consumer Discretionary (-3.2%) were the major laggards. Inflation remains a concern in the USA, with the 8.5% annual rate being the highest level since December 1981. The Russian war…