Pinpoint Macro News Today

The Australian dollar hovered near its lowest in six weeks after a surprise fall in employment in December, reinforcing expectations that the cash rate has peaked.

A tight jobs market and stubborn inflation prompt economists to pencil in a September rate cut. But nine economists say the RBA may raise rates again next month.

The Australian Financial Review’s survey of 36 economists puts the first post-pandemic rate cut in play by February 2024, a quarter tip it could happen this year.

Home owners can expect house prices to stop falling mid-year, but only after the Reserve Bank of Australia ends its fastest monetary tightening in 30 years, and they will have to wait longer before property prices start rising.

Although a minority of economists say the RBA will start cutting interest rates in 2023, there are two further increases expected before its tightening cycle ends.

The country’s top economists are grappling with how quickly the Reserve Bank of Australia should raise interest rates without triggering an economic downturn.

The emergency measure introduced during the pandemic was an efficient tool, but one with a limited lifespan, according to a new report.

Financial markets now believe the RBA will lift the official cash rate next week after inflation rose in March - its biggest increase since 2000.

Financial markets now believe the RBA will lift the official cash rate next week after inflation rose in March - its biggest increase since 2000.

Financial markets now believe the RBA will lift the official cash rate next week after inflation rose in March - its biggest increase since 2000.