The Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) by 0.25% to 3.85%, adding around $110 to the monthly cost of servicing the average new mortgage of $700,000. To make matters worse, the forecasts presented in the February Statement of Monetary Policy (SoMP) show that the RBA does not expect
Warren Hogan, managing director of EQ Economics, published an article in the Australian Financial Review arguing that the Reserve Bank of Australia’s (RBA) monetary policy board has failed in its core mandate of price stability, allowing inflation to remain above target for five consecutive years. Hogan claims this failure stems from poor forecasting, weak leadership,
Asian share markets are bouncing back strongly on the back of a solid US manufacturing PMI print overnight and a possible resolution to the latest Epstein distraction as Iran deliberates on shutting down its nuclear capabilities. The USD remains strong against the undollars amid its recent resurgence with Euro heading below the 1.18 handle while
As widely tipped by financial markets (~70% probability), the Reserve Bank of Australia (RBA) unanimously voted to lift the official cash rate by 25 bps to 3.85%: The increase will add roughly $110 to the monthly cost of servicing the average-sized $700,000 new mortgage. In arriving at its decision, the RBA noted that inflation “picked
Chart from TME. Why have stocks ignored collapsing trade, the Chinese crash, anarcho-imperialism, civil, fiscal and monetary instability in the US? In a word: earnings. Kicking. Arse. Better still to come if AI delivers. Carving it up. Easy money. Roaring economy. Trending off planet. M&A bouncing. Not much to criticise there.
It is hard to believe it was ten years ago that the Kouk (who?) fought a tremendous battle against conservative commentators over plain packaging for durries. He claimed a mighty victory. Tobacco consumption has plummeted a staggering 17.5 per cent since the plain packaging laws were introduced in late 2012. Stick that in your pipe
The federal government has set a target of 50% of all car sales being electric by 2030, whereas AEMO assumes near total electrification of the vehicle fleet by the 2040s. Current sales trends are underwhelming. The chart below shows that battery electric vehicle (BEV) sales (green line below) failed to launch in 2025, with only
The Albanese government is on track to collect far more personal income tax than expected this financial year, as higher‑than‑forecast inflation pushes workers into higher tax brackets. Treasury forecasts inflation of 3.75% for 2025–26. However, CPI has already risen 2.7% in the first six months, meaning the full‑year figure is likely to be higher. The Reserve
Charts from TME. ‘Tis a mighty bust. But has not reached the 100day MA. RSI collapse. Not a CME story. A China story. More. Chinese traders, including homemakers and hedge funds, are experiencing big losses after a record rally in gold ended with a sharp market reversal. The reversal was triggered in part by the
In the decade to June 2025, NSW’s population expanded by 977,703, driven by 884,772 net overseas migration (NOM). The state lost 245,211 residents to other jurisdictions over the last decade, which was mostly offset by a natural increase of 403,898 (i.e., births minus deaths). With NSW’s fertility rate of only 1.55 births per woman, most