The Reserve Bank of Australia is expected to hold later today, and then wait for inflation to come off the boil so it can cut for the last time in February. And Australia’s housing market is heating up, but consumers are still cautious and job ads are falling.
In part two of our Deep-Dive interview, I talk to Tatsuya Terasawa, the CEO of Japan’s Institute of Energy Economics about the lessons others could learn Japan’s critical minerals crisis of 2010.
5 things to know in 5 minutes:
The RBA is expected to hold its cash rate at 3.6% today. ANZ’s Head of Australian Economics Adam Boyton says last week’s Q3 inflation surge means the next chance for a final cut is February, after Q4 inflation figures are released.
ANZ Research has upgraded its GDP growth forecasts for Taiwan after much-stronger-than expected tech exports, says ANZ’s Chief Economist for Greater China Raymond Yeung.
House price inflation in Australia has picked up in recent months, thanks to the RBA’s rate cuts starting in February, says ANZ Economist Maddy Dunk.
However, Maddy says consumers and employers in Australia are not seeing quite such a rosy picture, with household spending soft in September and job ads falling in October.
New Zealand’s housing market is showing some signs of life, with new housing approvals rising in September, says ANZ Economist Matt Galt.
Cheers,
Bernard.
PS: Catch you tomorrow with all the detail and analysis from today’s rates decision by the RBA.
