Australia & New Zealand Rapid Response RBA Minutes (May 2026) Given the RBA’s ongoing concerns about inflation expectations becoming unanchored, we think it will tighten policy a bit further still. 19th May 2026 · 2 mins read
Australia & New Zealand Economics Update Tax changes not a major threat to housing market Some commentators have been arguing that the tax changes announced in last week’s Budget will end the 30-year super cycle in housing. By contrast, we’re not convinced that the attractiveness of... 18th May 2026 · 4 mins read
Australia & New Zealand Economics Weekly Live chance of a rate hike at RBA’s June meeting Business surveys suggest that inflationary pressures continue to gain momentum in Australia. Although some of the increase in firms’ pricing intentions likely reflects noise, the RBA will still be... 15th May 2026 · 5 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q1 2025) Although wage growth eased a touch in Q1, a look under the hood suggests that wage pressures could soon bubble up again. As a result, we still think the RBA has more work to do. 13th May 2026 · 3 mins read
Australia & New Zealand Economics Update Budget leaves RBA to do the heavy lifting on inflation The Australian government’s 2026/27 Budget does little to move the needle on fiscal policy. Although Commonwealth coffers will benefit from a windfall driven by higher commodity prices, much of this... 12th May 2026 · 4 mins read
Australia & New Zealand Economics Weekly Spending growth set to slow regardless of Budget While Treasurer Jim Chalmers has indicated that the government will unveil large savings in the upcoming Budget, most of those will probably be used to finance higher spending. The key point though is... 8th May 2026 · 5 mins read
Australia & New Zealand Economics Update Higher energy prices will lift building costs On their own, the recent surge in crude oil prices could lift construction costs by around 4%. However, the bigger picture is that in contrast to the previous energy shock in 2022, conditions in... 7th May 2026 · 3 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (May 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Inflation will rise well above target in both Australia and New Zealand as a result of the oil price... 7th May 2026 · 1 min read
Australia & New Zealand Economics Update RBA hikes again, but sees risks as more two-sided The RBA’s decision to hike rates again at its meeting today came as little surprise. In her post-meeting press conference, Governor Bullock argued that with policy settings mildly restrictive again... 5th May 2026 · 4 mins read
Capital Daily Tech stocks versus oil, bonds versus central banks Tech stocks have continued to power ahead despite renewed concerns around the war, but we don’t think they’re completely immune to it. Meanwhile, central bank inaction could be a threat to bond... 5th May 2026 · 6 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (May 2026) Given the potential for incoming inflation data to surprise to the upside of the RBA’s expectations, we think further policy tightening remains likely. 5th May 2026 · 3 mins read
Australia & New Zealand Rapid Response Australia Household Spending (Mar./Q1 2026) With household spending holding up well in the face of the oil price shock, the RBA is unlikely to have major qualms about tightening policy further. 5th May 2026 · 2 mins read
Australia & New Zealand Economics Weekly Plenty of inflation still in the pipeline for Australia While the pickup in Australia’s inflation rate in Q1 fell short of the analyst consensus, it remains far too high for the RBA’s comfort. Moreover, with the indirect effects of higher energy prices on... 1st May 2026 · 5 mins read
Australia & New Zealand Economics Update The worst is yet to come for Australia’s housing market Australian house prices all but ground to a halt last month. And with affordability set to deteriorate further in the near term, we expect house prices to fall outright before long. Much to the RBA’s... 30th April 2026 · 4 mins read
Capital Daily Two threats to bonds that aren’t rate hikes or fiscal crises With the major central banks lining up to talk tough on inflation this week, and investors on edge about fiscal problems in many places, we think there are some other growing medium-term risks facing... 29th April 2026 · 4 mins read
RBA Watch RBA will raise rates to 4.60% in Q3 The RBA will raise rates by another 25bp, to 4.35%, at its meeting next week. While the Bank will likely acknowledge that downside risks to activity have risen, it will put more emphasis on the upside... 29th April 2026 · 8 mins read
