Australia & New Zealand Rapid Response

Australia Labour Market (July 2025)

The tick down in the unemployment rate in July is likely to keep the RBA on sidelines at its next meeting in September, but we still think the Bank will ultimately loosen policy a bit further than...

14th August 2025 · 2 mins read

Global Commercial Property Update

Global CRE needs a reset for real recovery to take hold

With interest rates staying high and closed-end funds already sitting on a large volume of investors’ capital, global real estate fundraising looks set to stay in the doldrums. We think the sector...

13th August 2025 · 5 mins read

Australia & New Zealand Rapid Response

Australia Wage Price Index (Q2 2025)

13th August 2025 · 2 mins read

Australia & New Zealand Economics Update

RBA will lower cash rate to 2.85% by mid-2026

The RBA endorsed market expectations of further easing when it lowered the cash today and we think the Bank will ultimately slash rates to 2.85%.

12th August 2025 · 3 mins read

Australia & New Zealand Rapid Response

Reserve Bank of Australia Meeting (August 25)

12th August 2025 · 2 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: Productivity growth picking up in New Zealand

While the Q2 labour force survey out of New Zealand showed that labour demand remains dismal, it's worth noting that firms have been squeezing more out of their existing employees. The resultant lift...

8th August 2025 · 6 mins read

Australia & New Zealand Economics Update

NZD and AUD likely to struggle over the rest of the year

The high-beta Antipodean currencies had been the worst victims of global trade tensions but have fared better since early April, relative to their G10 peers, as global risk appetite steadily improved...

7th August 2025 · 4 mins read

RBA Watch

RBA Watch: Despite its cautious tone, RBA will cut rates to 2.85%

With underlying inflation within striking distance of the midpoint of the RBA’s 2-3% target, the Board should have no qualms about cutting rates by 25bp at its meeting next Tuesday. Although the Bank...

5th August 2025 · 8 mins read

Australia & New Zealand Rapid Response

Australia Monthly Household Spending Indicator (Jun. 25)

The strong pickup in household spending last quarter won’t keep the RBA from handing down a 25bp cut when it meets next Tuesday. Looking ahead, however, the data do suggest upside risks to our below...

5th August 2025 · 2 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: CPI data signal green light for August rate cut

Australian CPI data released this week will have gone a long way toward assuaging the RBA's concerns about lingering price pressures in the economy. And although retail sales picked up strongly in...

1st August 2025 · 5 mins read

APAC Commercial Property Update

APAC sentiment trails other regions in Q2 RICS survey

The latest RICS survey showed that overall sentiment in Asia-Pacific is weaker than in other regions, but that there is significant variance within the region. Japan and Australia stood out as clear...

1st August 2025 · 3 mins read

Australia & New Zealand Economics Update

Affordability will dampen Australia’s housing rebound

Australia’s housing market gained traction in June, and leading indicators suggest the housing rebound has further to run. But with affordability set to remain extremely stretched despite the RBA’s...

1st August 2025 · 4 mins read

Australia & New Zealand Rapid Response

Australia Retail Sales (Jun./Q2 2025)

The solid pickup in retail sales in June doesn’t detract from the fact that goods spending across Q2 was rather lacklustre. That being the case, the data won’t stand in the way of the RBA cutting...

31st July 2025 · 2 mins read

Australia & New Zealand Rapid Response

Australia Consumer Prices (Q2 2025)

With underlying inflation inching closer towards the mid-point of the RBA’s 2-3% target, the Board should have no qualms about handing down a 25bp cut next month. And with activity still weak and the...

30th July 2025 · 2 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: RBA’s gradualism poses upside risks to rates

The minutes of the RBA's July meeting showed that the Board remains reluctant to declare victory in the war on inflation – a sentiment reiterated by Governor Bullock in a speech this week. We suspect...

25th July 2025 · 5 mins read