Cliff Notes: In Need of Capacity - Action Forex actionforex.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from actionforex.com Daily Mail and Mail on Sunday newspapers.
RBA pushes out research boss John Simon as governor Michele Bullock overhauls operations afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
This week, Westpac surveys provided insight into both the current conditions and outlook faced by consumers and manufacturers. The Monthly CPI Indictor and job vacancies subsequently provided more evidence of the persistence of Australia’s disinflationary trend.
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In Australia, the week started with an encouraging development, the Westpac-MI Consumer Sentiment's headline index rose 6.2% to be at its highest level in over a year, albeit still almost 15% below the long-run average. A ‘trifecta’ of disposable income pressures – high inflation, elevated interest rates and a rising tax burden – have materially impacted household finances. But inflation’s ongoing deceleration towards target and the hoped-for consequence for interest rates – policy easing on the horizon – is now providing some relief.