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Flat retail leaves rate cut door open
No wonder the Reserve Bank of Australia appears so comfortable with the inflation outlook. When retail sales fail to grow in a quarter, and edge just 1.1 per cent higher in the course of a year, that...
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Record-breaking run on inflation in sight
As it contemplates what has been an extraordinarily white knuckle few weeks for the global economy (courtesy of the insanity of sections of the Republican Party), at least one thing the Reserve Bank of...
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Forget fuel spike – tame underlying inflation means no price fears for RBA
A surge in the cost of fuel (up 7.6 per cent) helped drive a 1.2 per cent spike in headline inflation in the September quarter. But if you want a clue to what the Reserve Bank of Australia will make...
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A good week for the RBA
Every now and then you have a week when things seem to go right – your baby son suddenly begins sleeping soundly and copiously, you get the perfect park at work – twice! – and your bank gets in touch …...
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No more rate cuts, but no rush to tighten yet
Interest rates look set to head higher, but the RBA’s “considerable uncertainty” about the pace of recovery in much of the economy means the first rate hike of the cycle could be delayed until well...
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RBA locks in 2.5 per cent cash rate – for now
Don’t expect interest rates to go up any time soon but, equally, don’t expect them to go down – that was the clear message from the Reserve Bank today. In unusually direct language, RBA Governor Glenn...
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Highest unemployment rate in 11 years doesn’t equal interest rate cut
A lift in the unemployment rate to 6 per cent – its highest point in almost 11 years – will surprise no-one. In fact, the real surprise has probably been that it has taken this long. In keeping with...
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When the bank calls, bells start ringing
If, like me, in the last couple of days you’ve had a call from your bank eager to talk about how to they could save you money on your mortgage, you’ve probably twigged that something is up. Usually...
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Timely warning for home buyers
As fears for the stability of the global financial system continue to ease, the thoughts of a central bank inevitably turn to more home grown concerns. So it is that the Reserve Bank of Australia has...
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Unemployment rate drop unlikely to trigger rate hike
As economists are often wont to say, the March labour market figures are decidedly ‘noisy’. The unemployment rate is down (a 0.2 percentage point drop to 5.8 per cent), but so is the participation rate...
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For interest rates, the only way is down
People might complain about mixed messages coming from the US Federal Reserve, but the same cannot be said about the Australia’s Reserve Bank at the moment. The message from RBA Governor Glenn Stevens...
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Why the gloomsayers are overdoing it
When national leaders talk up how good things are, it is often taken as a sign that they are about to turn very bad. So when Barack Obama and Malcolm Turnbull each delivered upbeat speeches in the past...
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