rba

A senior RBA official has acknowledged that there is "no evidence that monetary policy ... is more potent in Australia than ".

The RBA has highlighted how policy is less tight than other countries, such that inflation is higher than in nearly all its peers.

The RBA never raised rates by as much as other countries, so it has relatively less scope to cut them in a soft economic landing.

The RBA optimistically expects inflation will return to target without spare capacity emerging in the economy.

The RBA is alert to the possibility that eventual rate cuts might spur risky borrowing by already-heavily-indebted households.

The public sector has accounted for all the growth in GDP over the past year and made the largest contribution to strong jobs growth.

Households continue to follow the US experience, drawing on the excess savings built up during the pandemic.

The RBA holds rates for another meeting - even as its peers start the long cutting road back to neutral.

The RBA stayed on hold today, but there were several “subtle but important” changes to the statement. We investigate if a cut is any closer.

Plus, analysts outline the asset classes that have typically outperformed and underperformed in a fresh easing cycle.