Australia’s Westpac Consumer Sentiment surged by 6.2% yoy in October to 89.8, marking the highest reading since RBA began its tightening cycle two and a half years ago. Westpac noted that consumer sentiment has been buoyed by interest rate cuts overseas and improving inflation conditions domestically. “Consumers are no longer fearful that the RBA could […]
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Minutes from RBA’s September meeting revealed the consensus to keep the cash rate unchanged, as members felt there had been no significant changes since the previous meeting to justify a shift in policy. Members discussed Read more…
Hybrid – 23 and 24 September 2024 Members participating Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz AO, Alison Watkins AM Members had granted leave of absence to Ian Harper AO, in accordance with section 18A of Read more…
Australia’s NAB Business Confidence improved in September, rising from -5 to -2. Business conditions also increased from 4 to 7, with key components such as trading conditions rising from 8 to 12, profitability up from Read more…