Global economic growth was resilient in the face of the Omicron wave in February but with high inflation a threat to growth prospects. Central banks are talking tougher in terms of quick removal of unconventional monetary policy support, but most have not started to...
Key data will be released this week informing the RBA’s decision when to start hiking the official cash rate. The RBA has indicated repeatedly that actual reported annual inflation consistently inside 2-3% target band is a pre-condition to hiking the cash rate....
The RBA is aiming to drive Australia’s unemployment rate below 4.0% and believes that the unemployment rate consistent with longer-term non-accelerating inflation holding inside its 2-3% inflation target band is around 3.75%. In effect, a 3.75% unemployment rate...
