The RBA hikes rates again with more to go – but falling confidence and home prices will limit RBA tightening

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Key points The RBA has hiked the cash rate again – by 0.5% taking it to 0.85% and continues to signal more rate hikes ahead. We expect the cash rate... Read more continue reading

RBA and the ‘stitch in time saves nine’ approach to monetary policy

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 The outcome of today’s RBA meeting is a difficult one to call. According to the 22 economists polled by Bloomberg, eight expect a 25 bp increase, eleven expect 40 bps... Read more continue reading

Total property listings fall in May

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 Key points National residential property listings fell in May 2022 by 2.2% to 223,859 from 228,901 in April. Compared to 12 months ago, listings dropped 9%. Nationally, new listings (Less... Read more continue reading

Weekly economic and market update – week ending 3 June, 2022

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Investment markets and key developments Share markets mostly rose again in the past week as the rebound from oversold levels continued partly on hopes that some cooling in demand will... Read more continue reading

No election bounce for consumer confidence

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Weekly consumer confidence; Private sector credit; Dwelling approvals The weekly ANZ-Roy Morgan consumer confidence index eased by 0.1 per cent to 90.7 (long-run average since 1990 is 112.4). Consumer views... Read more continue reading

Petrol prices ease below $2 a litre, OPEC+ meets

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Weekly oil market update Last week, the benchmark Singapore gasoline price fell by US$2.92 or 1.9 per cent US$154.28 a barrel, down from a record high of US$157.20 a barrel.... Read more continue reading

Weekly economic and market update – week ending 27 May, 2022

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Investment markets and key developments Share markets saw a bit of relief in the past week – bouncing of oversold lows helped by less hawkish than feared comments from the... Read more continue reading

State Street Global Investor Confidence Index – up overall, but mixed across regions amid rate hikes, war and pandemic

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State Street Global Markets has released the results of the State Street Investor Confidence Index® (ICI) for May 2022. Despite recent market fluctuations, the Global Investor Confidence Index saw an... Read more continue reading

Federal Open Markets Committee, European Central Bank and Reserve Bank of New Zealand movements

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Federal Open Markets Committee minutes underscore The US Federal Reserve’s aggression Prior to the release overnight of the Fed’s Federal Open Markets Committee (FOMC) meeting minutes there had been some... Read more continue reading

Building costs soar by the most in more than 21 years 

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Construction work done; Skilled job vacancies; RBA speech The value of construction work done fell by 0.9 per cent in the March quarter but it was still up 1.4 per... Read more continue reading