• March RBA decision

    March RBA decision March RBA decision

    RBA on hold; no real surprises in Governor’s statement.

  • Australian dollar February 2017

    Australian dollar February 2017 Australian dollar February 2017

    Bill Evans, Chief Economist says “Australian dollar: strong start to 2017 sounding more confident in the outlook. Higher commodity prices support AUD for now. Looking to 2018 Australian output growth to slow as housing turns down and commodity prices to retreat while rising US short term rates set to exceed Australian rates together pointing to a weaker AUD heading to US66¢ by end 2018.“

  • The Australian economy December 2016 / January 2017

    The Australian economy December 2016 / January 2017 The Australian economy December 2016 / January 2017

    Andrew Hanlan, Senior Economist says “Australian economy: stumbled in 2016 outlook for 2017 remains sound. Output contracted in September quarter impacted by election uncertainty and one-offs. Outlook remains sound, albeit with downside risks. ‘Income recession’ comes to an end as commodity prices bounce off their lows. Jobs growth to rebound from current under shoot supporting consumer spending and exports to be a growth engine in 2017.”

  • Australian dollar December 2016 / January 2017

    Australian dollar December 2016 / January 2017 Australian dollar December 2016 / January 2017

    Bill Evans, Chief Economist says “USD optimism dominates. Fed hikes in 2017 will weigh on AUD/USD but fall is expected to be gradual as commodity prices hold up. We have revised up our commodity price profile in 2017 but prices will still fall through 2017 and 2018 with slower growth in China taking AUD/USD to 0.68¢ by end 2018.“

  • Australian interest rates November 2016

    Australian interest rates November 2016 Australian interest rates November 2016

    Bill Evans Westpac's Chief Economist says “Australian interest rates: passed low point inflation; US policy; central banks. We have passed the low in the rate cycle. Three Fed hikes expected by end 2017. Bond rates rising as QE peaks and Trump expectations. RBA on hold in 2017. Inflation has passed its low point. Ongoing “slack” in the labour market, but unemployment rate unlikely to rise much. Rates will not “take-off” but upward direction will remain.”

  • Australian interest rates October 2016

    Australian interest rates October 2016 Australian interest rates October 2016

    Bill Evans Westpac's Chief Economist says “RBA to be on hold in November. Inflation report unlikely to trigger policy change. Shape of construction cycle will be key for growth outlook. Huge lift in apartment supply is looming but foreign demand is resilient. Foreign developers are likely to increase market share. This construction cycle will hold up longer than previous cycles.”