Market insights

The global economic growth outlook has brightened in January and February making reducing inflation a more challenging task for central banks. In the US the tight labour market and growth in real household income are priming spending and renewed optimism about the US...

Our current view about the cash rate outlook is based on the economic forecasts produced by the RBA in its latest (February) Monetary Policy Statement. These economic forecasts seem consistent with two or three more 25bps cash rate hikes taking the cash rate to a peak...

The message from the RBA’s interest rate decision last week and subsequent commentaries are that inflation although past its peak will remain too high for comfort through 2023 and 2024. Community inflation expectations, although still anchored at present, are at risk...

Financial markets rallied in January and early February assisted by signs that inflation has peaked and belief that central banks are close to the end of their rate hiking programs. Earlier concern about higher interest rates toppling economies in to recession turned...

Recession feared previously to start as early as the current northern hemisphere winter starting in Europe and in the US not long after has been delayed by warm winter weather in Europe containing energy prices, optimism that central banks are near the end of their...