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Economy

Big 4 bank predicts ‘sharp fall’ in inflation

An ANZ economist predicts headline inflation will fall in Q1 2023, indicating another rate pause is expected in May. 

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Rate pause was ‘always on the cards’: RBA

Instability in the global banking system did not reroute the Reserve Bank’s monetary policy path, according to the deputy governor.

‘Devote resources’ to financial stability risks, warns IMF

The International Monetary Fund has downgraded its outlook for the global economy, suggesting policymakers shore up defences amid geopolitical uncertainties, higher inflation and rising ...

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Majors tweak terminal rate forecasts

Following the Reserve Bank of Australia’s decision to hold the official cash rate, the major banks have offered updates to their terminal cash rate forecasts.

RBNZ lifts official cash rate by 50 bps

New Zealand’s monetary policy committee has moved to lift the official cash rate by 50 bps from 4.75 per cent to 5.25 per cent.

RBA considering mortgage offset data in rate decisions: Lowe

Philip Lowe has said that arrears rates and inflows and outflows to offset accounts are key datasets the RBA considers when determining rate movements.

April cash rate holds at 3.60%

The central bank has moved to hold the official cash rate for the first time since the rate hikes began in May 2022. 

Majors split on RBA rate decision for April

Two major banks are backing a rate hike today (4 April), while two have suggested the central bank will pause its rate hiking cycle in April.

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