
‘Stagflationary shock’ from Iran war a ‘nightmare’ as confidence among Australian households crashes
Weakened economic activity, soaring fuel prices and rising inflation have created a horror scenario, RBA deputy governor says
The Guardian
Is Australia headed for a recession? A growing number of economists think so – here’s why I’m not one of them
In backing down on his threats to destroy Iranian civilisation, Donald Trump has lessened concerns of a recession in Australia – at least for now
The GuardianEconomists predict Australia's central bank will raise rates to 4.35% next month amid oil-driven inflation from Hormuz Strait closure, though some warn aggressive tightening could trigger recession as energy costs surge faster than expected while economic indicators deteriorate.
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'Oil Price Surge Raises Prospect of Further RBA Rate Hikes, Recession Risks'
Economists predict Australia's central bank will raise rates to 4.35% next month amid oil-driven inflation from Hormuz Strait closure, though some warn aggressive tightening could trigger recession as energy costs surge faster than expected while economic indicators deteriorate.
Yonhap InfomaxReserve Bank of Australia minutes reveal majority consensus on need for further monetary tightening amid elevated inflation risks, though members remain divided on timing as Middle East conflict adds uncertainty to economic outlook and labor market conditions.
#YonhapInfomax #ReserveBankOfAustralia #MonetaryPolicyTightening #InterestRateHike #InflationRisk #LaborMarketConditions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=112959
RBA Minutes Show Consensus on Need for Further Tightening
Reserve Bank of Australia minutes reveal majority consensus on need for further monetary tightening amid elevated inflation risks, though members remain divided on timing as Middle East conflict adds uncertainty to economic outlook and labor market conditions.
Yonhap Infomax
Debit and credit card surcharges to be removed in Australia by October
Treasurer Jim Chalmers says changes will help with cost of living and ‘Australians hate paying’ the surcharges
The GuardianReserve Bank of Australia expands policy communication as board members gain authority to deliver public speeches on monetary policy outlook, marking significant shift toward greater transparency in rate-setting process amid consecutive rate hikes to 4.1%
#YonhapInfomax #ReserveBankOfAustralia #MonetaryPolicyTransparency #InterestRateHikes #BoardMembers #PolicyCommunication #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=112735
RBA Board Members to Share Policy Outlook in Transparency Push
Reserve Bank of Australia expands policy communication as board members gain authority to deliver public speeches on monetary policy outlook, marking significant shift toward greater transparency in rate-setting process amid consecutive rate hikes to 4.1%
Yonhap Infomax
Did Anthony Albanese just cement a third interest rate hike in May by cutting the fuel excise?
Injecting $1.5bn via petrol subsidies into an inflated economy may change things for the Reserve Bank board at its next meeting
The Guardian
Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell
Homebuyers lose confidence amid higher rates and Iran war-linked price rises across the economy, buyers agent says
The Guardian
Rising profit margins turbo-charged Australia’s latest inflation figures – but something worse is just around the corner
Fuel supply shock from Iran – not too many wage rises – will be the driver of higher figures in June
The Guardian
Australians can expect high fuel costs to linger for far longer than the war in Iran
Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis
The Guardian