Policy and research about Reserve Bank of Australia. The publishing institution remains a separate field on every report.
RBA Assistant Governor Christopher Kent said monetary policy transmission remains intact despite mortgage offset buffers, with the exchange rate, wealth, saving and borrowing-cost channels all functioning. The harder question is whether conditions are…
Westpac lowered its New Zealand 2027 GDP growth forecast by 0.3ppts to 2.7%yr, citing higher assumed energy prices and a steeper near-term path for long-term interest rates that weigh on consumption and residential investment. A weaker NZ dollar…
Westpac expects the Reserve Bank of Australia to raise rates 25bp in November, citing cost-plus pricing behaviour, pass-through of non-labour costs and above-average award wage increases that keep demand ahead of supply. Australian unemployment held at 4.7%…
Fed Chair Warsh refused to prejudge upcoming meetings or offer forward guidance, while repeating upbeat US outlook views. BoC Governor Macklem said the Bank has not yet raised rates but is asking whether energy-driven inflation will force a hike. US Commerce…
Scotiabank's weekly preview argues Canadian core inflation remains at or above the BoC's 2% target, with traditional core running near 3% m/m SAAR for four straight months and another firm print expected, supporting the view that policy is too loose. BoC…
Australia's September employment fell 39.3k, but a 0.2ppt participation drop kept unemployment at 4.7%, now above the RBA's 4.6% NAIRU. Westpac expects the jobless rate to peak near 4.8% by Q2 2027 and still forecasts a 25bp RBA hike in November, with…
Westpac argues that Australian firms bundling previously surcharged card-acceptance costs into sticker prices reveal a 'cost-plus' pricing mentality driven by non-labour cost escalation rather than wages, which base growth has kept moderate. The RBA is…
ING's base case for CIS-4 rates and currencies stays constructive and domestically driven. Kazakhstan and Uzbekistan can ease cautiously as inflation slows, the tenge up 11% and soum 2%; Azerbaijan holds at 6.50%; Armenia, the hawkish outlier, may hike again.…
Middle East oil exports approached pre-war levels in September, giving markets roughly 10-15 weeks of supply cover, up from 5-10 weeks. CommBank still sees a diplomatic deal as most likely but assigns a 45% probability to limited US-Iran escalation and 15% to…
Westpac's October 2026 Outlook says markets have had little respite: bond yields have jumped, led by US 10-year benchmarks up 27bps above 5% and French bonds up 40bps, driven by real yields after the Fed's September hike. Westpac expects one more Fed hike,…
Australian employment fell 39,300 in September, far below the expected 20,000 gain, led by a 73,700 drop in part-time work while full-time jobs rose 34,400. Unemployment stayed at 4.7% and participation slipped to 66.8%. CBA still expects the RBA to hold…
Australian bond issuance reached a record A$326.7 billion in the year to 12 October 2026, surpassing calendar 2024's A$324.66 billion. Domestic issuance rose 28% year-on-year in the first nine months, while Kangaroo bonds grew 16.6% to A$68.8 billion on…