RBA

The RBA goes big on the cash rate to send a clear signal on inflation

Dr Brendan Rynne, KPMG Chief Economist, responds to today’s 0.5 percent interest rate rise

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RBA presses go on the cash rate increase

Dr Brendan Rynne, KPMG Chief Economist, responds to the RBA’s announcement

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Inflation now walking briskly, but not yet running. RBA first move not till June but more likely to be 0.4%

KPMG remains of the view the central bank will hold off raising rates until after the election.

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Cash rate move possible in July – Dr Brendan Rynne, KPMG Chief Economist, responds to RBA announcement

A rate rise will be ‘in play’ at every RBA meeting from July.

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No cash rate move likely till Q3. Dr Brendan Rynne, KPMG Chief Economist, responds to RBA announcement

KPMG anticipates adjusting the cash rate upwards is unlikely to be in play until Q3, probably the August 2022 meeting at the earliest.

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‘Very strong’ result for unemployment rate figures. Dr Brendan Rynne, KPMG Chief Economist responds to ABS monthly labour data

Despite Omicron surging through the community during the summer holiday period Australia’s unemployment rate was maintained at a near-record low of 4.2 percent.

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Dr Brendan Rynne, KPMG Chief Economist comments on today’s speech by Governor Lowe to the National Press Club on the “The Year Ahead”

The speech reiterated the Australian economy well outperformed expectations across a range of indicators

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Dr Brendan Rynne, KPMG Chief Economist comments on today’s RBA Board Meeting

QE program to end and strong words by the Governor about keeping interest rates unchanged until inflation is sustainably in its target range, but KPMG still consider the start of tightening cycle is likely to commence towards the end of 2022.

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Inflation figures add to pressure on RBA. Dr Brendan Rynne, KPMG Chief Economist, responds to today’s CPI figures

Inflation figures are now at their highest since 2014, which will add to pressure on the RBA to change its monetary policy course.

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Easy does it until February. Dr Michael Malakellis, KPMG Senior Economist, responds to the RBA’s monthly statement

The RBA’s outlook is unchanged. It continues to view inflation as well contained and driven by temporary factors.

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RBA statement reveals a problem of communication rather than policy

Dr Brendan Rynne, KPMG Chief Economist comments on today’s interest rate announcement.

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Dr Brendan Rynne, KPMG Chief Economist, comments on today’s RBA announcement

The RBA Board has announced it will continue with highly accommodative monetary policy settings in the near term, albeit with a couple of the monetary policy levers notched back a step.

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Dr Brendan Rynne, KPMG Chief Economist, responds to RBA cash rate announcement – is the bond market right or is the RBA?

Even with the current surge in house prices, the RBA has not changed the cash rate today – no surprise, given it has been signalling rates could stay at historically low levels until 2024.

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