Australia's core CPI in RBA target band for first time since 2015
By Sophia RodriguesPublished On 27 Oct 2021 , 11:39 AM
Australia's Q3 CPI shows core inflation rising into RBA's target band for the first time since 2015 (and importantly for the first time in Governor Philip Lowe's term).
Core inflation (average of trimmed and weighted) was up 0.7% q/q and 2.1%, beating expectations for 0.5% and 1.8% rise.
Headline CPI rose 0.8% q/q and 3.0% y/y (meeting expectation for q/q and marginally below expectation for y/y)
It is very unusual for both market and economists to be strongly expecting a particular outcome (hold) for a RBA boar...Published on : 05 Nov 2019 , 12:00 AM
More reason to buy vs rent? For the first time since at least 2007, gross rental yields for properties in Australia...Published on : 01 Nov 2019 , 12:00 AM
Even before the RBA Nov board meeting begins, I am curious to find out if there will be a vigorous debate about...Published on : 30 Oct 2019 , 07:21 AM
A few weeks back I wrote an article about how in theory the RBA could avoid QE, but to do so requires continuation of...Published on : 31 Oct 2019 , 07:15 AM
The most disappointing numbers in Australia Q3 CPI are the ones for housing group. Rent rose 0.4% y/y (and below 1.0%...Published on : 30 Oct 2019 , 07:13 AM
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...Published on : 24 Oct 2019 , 07:08 AM
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...Published on : 17 Oct 2019 , 07:07 AM
A social media lesson for the Reserve Bank of Australia. This morning the RBA posted a tweet about their new $20 note...Published on : 09 Oct 2019 , 07:00 AM
Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor...Published on : 01 Oct 2019 , 11:26 AM
I've spent a bit of time researching whether the RBA will do QE, at what point they will do it, and in what...Published on : 09 Aug 2019 , 11:19 AM