With the growth rate of our M3 broad money aggregate at a solid 4.4% y/y in July and bank loan growth at an even stronger 7.7% y/y, the economy appears to be in good health.

The latest data show that household debt is now close to its 2008 peak in dollar terms. However, the gains in income over the past eight years and the decline in interest rates mean that households...

The latest data suggest that while firms are reluctant to increase capital expenditure, they are nonetheless continuing to expand their workforces. With the unemployment rate below 5%, however, the...

The latest JOLT survey suggests that labour market conditions continue to tighten, which should generate an acceleration in wage growth later this year.