In a widely expected move, the Reserve Bank of Australia kept the cash rate unchanged at 4.35% in September. All measures of Australian CPI inflation remain well above the RBA target range. The Commonwealth Energy Bill Relief…

  Preliminary estimates suggest that activity continued to slow across DM economies in September. Manufacturing PMIs contracted at a faster pace in the US, Eurozone, Germany, France and Australia, and grew at a slower pace in…

  Australia’s CPI inflation eased from 3.8% y/y to a higher-than-expected 3.5% in July. The trimmed-mean measure eased from 4.1% to 3.8%. However, the Commonwealth Energy Bill Relief Fund rebates contributed to July’…

  Preliminary estimates suggest that with the exception of the UK (see Country Focus), manufacturing activity remains lackluster in DM economies. Manufacturing declined at a slower pace in Japan and Australia but the contractions…

  The RBA kept its cash rate unchanged at 4.35% in August, in line with expectations. However, it lifted its trimmed-mean inflation forecast to 3.5% y/y in Q4 2024 and to 2.9% by Q4 2025 (up from 3.4% and 2.8% in its May forecast,…

  The Australian CPI release for Q2 came in broadly within expectations. Headline CPI reaccelerated to 3.8%y/y from 3.6%y/y the previous quarter. Some of the narrower measures of inflation — trimmed-mean and weighted…

  We have high conviction that continued labor market softening will tip the US economy into a recession by year-end or early next year. It will reverberate to the rest of the world given that the US has been the main driver of…

  Australia’s inflation for May was released on Tuesday. Annual headline CPI increased from 3.6% in April to 4%, outpacing expectations of 3.8%. Trimmed-mean inflation also increased from 4.1% to 4.4%. Individual…

  The Reserve Bank of Australia kept its cash rate at 4.35% at its policy meeting on Tuesday, in line with market expectations. Australia’s monthly measure of headline inflation came in at 3.6% in April, still considerably…