Economy

The major bank has brought forward its first rate cut prediction amid easing inflationary pressures.

While still at low levels, there are clear signs that the rate of arrears is picking up and is expected to continue growing.

Although the August CPI figures showed annual inflation entering the RBA’s target band, the central bank will likely look through this data until the release of the Q3 inflation reading.

The RBA governor has shed light on the considerations for both a rate hike and a cut during the September monetary policy meeting.

New data has revealed that the share of mortgage holders at risk of mortgage stress fell for the second month in a row.

Inflation is still too high for the RBA’s liking and intends to keep rates elevated until it sustainably enters the target range of 2–3 per cent.

One last major bank has joined its counterparts in delaying its predictions for a cut in interest rates.

The FOMC has begun its policy normalisation cycle, drawing questions of when Australia’s central bank will do the same.

The unemployment rate remained flat during August, the latest ABS data has revealed.

Aussie small businesses are investing in assets in droves despite economic uncertainty.