Wednesday’s quarterly CPI inflation print was unambiguously good news, with both headline and core inflation falling fast than expected to 4.1% and 4.2% year-over-year respectively. The below chart from Justin Fabo at Antipodean Macro summarises the situation: The result has Australia’s underlying inflation falling in lockstep with Canada and the United States: Measures of the
Asian share markets are still mixed with Chinese shares heading lower again while domestic equities are loving the softer than expected CPI print which is signalling a potential rate cut from the RBA once it gets back from its very long summer holiday. Wall Street looks to be lacking confidence due to better than expected
Immediately after the release of the Q4 CPI inflation data by the Australian Bureau of Statistics (ABS), I ran through the results with Bill McDonald on 4BC Mornings: In the extended interview, I explained why the result means the RBA is “certain” to keep the official cash rate on hold at next week’s Monetary Policy
If it wasn’t bad enough that Albo’s dills sent the Wong bomb to the Middle East instead of a ship to support freedom of navigation, now it’s become evident that China has been sneaking into PNG in her absence: Papua New Guinea’s Foreign Minister Justin Tkachenko has backtracked on the prospect of a security deal
More capital for the Pilbara killler: The world’s largest steelmaker China Baowu Steel Group has raised 10 billion yuan ($1.4 billion) from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday. The capital, raised by issuing three-year fixed rate bonds with an annual coupon rate of
Former Treasury secretary Ken Henry, who authored the 1000-page review of Australia’s tax system in 2010, has urged the federal government to pursue tax reform. He concedes that any reform carries a measure of political risk, but the government knows what needs to be done and merely lacks the courage and the creativity to do
From the ABS just now. Aussie inflation is collapsing, with quarterly and annual undershooting consensus by 0.2%. Trimmed mean undershot by 0.a% The tank: Goods and services: Domestic demand is screwed: Supermarkets on the run: Rent is stopping out, utility bill cuts are coming, and more tradable disinflation is in the pipeline. The RBA is
Is a conscience lobotomy the price of entry into politics? Minister for Nothing, Dr Andrew Leigh, has been banging on about competition for years, yet what progress has he made? ADAM SHIRLEY, HOST: The skies well, clear as a bell. A good day for take-off and landing, but you’ll pay the price. As we know,
The Australian Energy Market (AER) regulator is barreling towards its default market pricing announcement in a month or so. Today it has raised hopes that the new benchmark will constitute a cut in price: The Australian Energy Regulator’s (AER) latest Wholesale Markets Quarterly Report reveals that average annual wholesale electricity prices in the National Electricity Market (NEM)
Good luck saving the planet with this carbon monster devouring the future. Goldman: With most new taxis in Beijing now EVs, and the share of NEVs in China car retail sales surging to 40%, the speed of China’s r(EV)olution is top of mind, and forms a striking contrast with headlines about EV excess inventory and