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Persistent inflation in the services industry, rising fuel prices, a rebound in house prices and a robust job market have caused economists to push back...
A strong job market, sticky inflation and rising oil prices have prompted economists to once again defer the timing of the first expected RBA rate cut.
The pain may not be over for businesses as consumers slash spending amid higher borrowing costs and cost pressures.
Economists say migration and a halt in the RBA’s rate increases underwrite hopes for a soft landing.
Many economists expect RBA governor Philip Lowe to leave in September, but urged the government to preserve the bank’s sovereignty when it appoints a new chief.