Judo Bank Australian Composite PMI accelerates to its highest rate in two years at 53 6 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Leading economist warns of a possible rate hike as the economy continues to prove more resilient than expected skynews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skynews.com.au Daily Mail and Mail on Sunday newspapers.
Australia's Judo Bank Purchasing Managers' Index (PMI) showed a welcome rebound in the PMI Manufacturing component, hitting an 11-month high of 50.3 and helping to drag the Composite PMI Output Index to a four-month high of 48.1 versus December's print of 46.9.
A top economist has questioned the Reserve Bank’s approach to taming inflation, arguing Australians are now suffering “financial trauma” as cost pressures start to ramp up again.
The Reserve Bank is likely to adopt a "why wait" approach and raise interest rates further when it meets on Tuesday according to independent economist Warren Hogan.