Australia & New Zealand Economics Weekly A cooling housing market but the RBA’s job isn’t done Australian consumers remain deeply pessimistic, particularly about the housing market, with house price expectations falling to a three-year low and auction clearance rates continuing to weaken. Even... 12th June 2026 · 5 mins read
Australia & New Zealand Economics Weekly RBA alert to inflation risks even as growth softens The Australian economy slowed noticeably in Q1. Although private demand appeared resilient, thanks largely to the data-centre construction boom, the weakness in household consumption remains a cause... 5th June 2026 · 4 mins read
Australia & New Zealand Economics Weekly A June pause doesn’t mean the RBA is done hiking A string of soft April activity and inflation figures, alongside survey data showing firms dialling back their capex plans, will give the RBA room to leave rates on hold in June. However, we suspect... 29th May 2026 · 6 mins read
Australia & New Zealand Economics Update RBNZ set to hike rates in July The RBNZ’s decision to leave rates on hold today came down to the wire, and it signalled that it would need to unwind its accommodative stance sooner rather than later. Accordingly, we’re bringing... 27th May 2026 · 4 mins read
Australia & New Zealand Rapid Response RBNZ Meeting (May 2026) The RBNZ narrowly voted to leave rates on hold today and it seems like a hike could come sooner than our current forecast of Q4. That said, with the output gap still deeply negative, the Bank doesn’t... 27th May 2026 · 3 mins read
Australia & New Zealand Economics Update RBNZ to stay put, while maintaining policy optionality The RBNZ is likely to leave rates on hold at its meeting next Wednesday, while stressing that it stands prepared to tighten policy if inflationary pressures show signs of persistence. In our baseline... 20th May 2026 · 7 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 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 Rapid Response New Zealand Labour Market (Q1 2026) The slight fall in the jobless rate in Q1 won’t change the RBNZ’s assessment that labour market is operating with substantial excess capacity. Accordingly, we continue to believe that the Bank won’t... 6th 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 Weekly Inflation risks continue to climb higher in Australia Australia's flash PMIs suggest that business conditions bounced back in April, while firms' hiring intentions strengthened in tandem. However, firms have yet to see any respite from intensifying price... 24th April 2026 · 5 mins read
Australia & New Zealand Rapid Response New Zealand Consumer Prices (Q1 2026) While headline inflation remains well above the midpoint of the RBNZ’s target, the continued softening of underlying inflation means that the Bank won’t be in a rush to tighten policy. 21st April 2026 · 2 mins read
Australia & New Zealand Economics Weekly RBA caught between a rock and a hard place Although business confidence in Australia has plunged in the wake of the Iran war, indicators of underlying activity remain fairly resilient. With capacity pressures elevated and inflation risks... 17th April 2026 · 5 mins read
Australia & New Zealand Economics Weekly Albanese enters crisis management mode We are sending this Australia & New Zealand Economics Weekly one day earlier than usual because our Singapore office is closed on Good Friday, 3rd April. The Australian government's decision to slash... 2nd April 2026 · 4 mins read
Australia & New Zealand Economics Update RBNZ won’t spring into action just yet Financial markets are betting that the RBNZ will deliver its first rate hike in Q3, with aggressive tightening to follow thereafter. However, we suspect they are getting ahead of themselves, not least... 1st April 2026 · 7 mins read
Australia & New Zealand Economics Weekly Rising inflation expectations are a problem for the RBA There are signs that Australia's electricity inflation will ease in the coming months, as domestic generation costs remain contained despite the crisis. However, the more pressing concern for... 27th March 2026 · 4 mins read
