There’s support for an October “business as usual” 25-bp cash-rate hike following RBA governor Philip Lowe’s “inflation” speech at the Anika Foundation event on Thursday (8 September), according to the CBA.
CBA: RBA to slow pace of rate hikes macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
AUD/USD rose overnight as markets shifted into risk assets. However, China's Covid lockdowns make an Australian Dollar rally unlikely. APAC traders have Australia's trade data in focus.
Increased home-building costs have been highlighted as key contributor alone in RBA Governor inflation address. A 20 per cent increase in home-building costs over the past year alone has added close