Majid Rahimi (Soheil) on LinkedIn: #australia #economy #centralbank #banks #inflation #interestrate #data… (2024)

Curious about the future of Australia's interest rates? Shane Oliver, a well known economist at AMP Capital, has just shared his latest insights on the Reserve Bank of Australia's (RBA) cash rate. Here's a sneak peek at what he had to say:"It’s likely that the RBA’s cash rate has peaked with numerous indicators pointing to slower economic growth and inflationary pressures easing."What's in store for the near future? Shane's analysis suggests:"While the risk in the short term is still on the upside for rates or a delay to the start of rate cuts, our base case is that rates will be on hold until early next year ahead of rate cuts starting in the March quarter."So, what's the big picture? Shane Oliver's perspective indicates:"Rate cuts through next year should help growth to stabilize and pick up from late 2024." #EconomicOutlook #InterestRates #RBAInsights #FinanceTalk

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Breaking news!Today marks a significant event in Australia's economic journey as the Reserve Bank of Australia (RBA) announces its 12th interest rate rise since May 2022, bringing the new interest rate to 4.10%. This 0.25% increase signals yet another critical step in our evolving economic landscape.The move reflects the RBA's firm commitment to managing inflation and securing economic stability, with RBA governor Philip Lowe warning in his post-meeting statement, "some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe".Find out more here : https://www.rba.gov.au/#RBADecision #InterestRate #AustralianEconomy #FinancialPlanning #BusinessStrategy

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#economicupdate #rba #inflation #businessresilience #governmentsupport #staystrong #accountants #consultants #gbs #inflation #monetarypolicy The Reserve Bank of Australia (RBA) has decided to hold the cash rate at 4.10%, pausing further increases. Concerns about the tight labor market and underlying inflation remain, but June's data didn't warrant a change. CreditorWatch's chief economist, Anneke Thompson, highlights that inflation areas typically driven by labor are decreasing slowly, while goods prices are dropping faster. The RBA may have realized that tightening monetary policy is nearing its peak effectiveness. Households with home loans have already faced the steepest rise in interest repayments without sufficient income growth. Additionally, households have spent their COVID savings, reducing discretionary spending. While firms welcome the pause, further rate rises loom. CPA Australia urges the government to focus on supporting businesses during this challenging economic reality. Let's navigate this critical juncture together, prioritizing resilience and dynamism.

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Interest rates, inflation and monetary policy - From the RBA Governor's speech today 12/07 at the Economic Society of Australia (QLD) in his own words#interestrates #monetarypolicy #inflation "It remains to be determined whether monetary policy has more work to do. It is possible that some further tightening will be required to return inflation to target within a reasonable timeframe.......The Board is very conscious that monetary policy operates with a lag and that the full effects of the tightening to date have not yet been felt. It takes time for households and businesses to adjust their spending and investment plans, and there are still significant resets of low fixed-rate loans to come. Given the lags, economic growth is expected to be subdued over the next couple of years and it will take time for inflation to return to target.......Our most recent set of forecasts, which were prepared in early May, have inflation returning to the top of the target band in mid-2025. #interestrates Data received since then had suggested that the inflation risks had shifted somewhat to the upside. The Board responded to this shift in risk with a further lift in interest rates." https://lnkd.in/gGBY5bEh

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After a five-month break, the Reserve Bank of Australia has announced an increase of 25 basis points in the cash rate, bringing it up to 4.35%. This move is a significant shift in the bank's monetary policy, which had previously remained unchanged for several months.The increase in the cash rate is in response to rising inflation of 1.2% in a single quarter. This increase is expected to affect all sectors and regions as the RBA attempts to combat the issue and stabilize the economy. The decision to increase the cash rate is part of a broader effort to manage inflation and maintain a healthy economic environment for businesses and individuals alike.Given the fluctuations in cash rates, it's crucial to consider your options and seek better rates. It's recommended to seek professional advice from reliable partners before making any decisions.Our team has extensive industry experience and tax expertise to help you anticipate and efficiently navigate these changes, allowing you to plan for future opportunities with confidence.

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UPDATE: The Reserve Bank of Australia (RBA) made the decision to keep interest rates on hold for the fourth month in a row, at 4.10 per cent, at today's Board meeting.This announcement marks the first decision of incoming RBA governor, Michele Bullock, who said in a statement earlier today:"Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. "In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month. "This will provide further time to assess the impact of the increase in interest rates to date and the economic outlook."#interestrates#bank#economy#australia

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🚨 Interest Rate Update from the RBA 🚨The financial landscape is shifting once again! The Reserve Bank of Australia has announced a 0.25% increase in the official cash rate, taking it from 4.1% to 4.35%. This marks the 13th hike since May 2022 and ends a period of stability we’ve enjoyed with four consecutive holds. 💼📈In her second monetary policy meeting as Governor, Michele Bullock has led the RBA through yet another decisive turn, following in the steps of former Governor Philip Lowe. Governor Bullock's message is clear: the RBA is closely monitoring the economic pulse of our nation and the broader global context, carefully weighing the data and risks before steering the course of our economy. ⚖️🌏As households and businesses across the country adapt to this change, let's stay informed and proactive about our financial health. Stay tuned for more updates and tips on how to navigate these economic waters. 💪🏡#RBARateHike #EconomyWatch #FinancialAwareness #PanacheFinance

🚨 Interest Rate Update from the RBA 🚨The financial landscape is shifting once again! The Reserve Bank of Australia has announced a 0.25% increase in the official cash rate, taking it from 4.1% to 4.35%. This marks the 13th hike since May 2022 and ends a period of stability we’ve enjoyed with four consecutive holds. 💼📈In her second monetary policy meeting as Governor, Michele Bullock has led the RBA through yet another decisive turn, following in the steps of former Governor Philip Lowe. Governor Bullock's message is clear: the RBA is closely monitoring the economic pulse of our nation and the broader global context, carefully weighing the data and risks before steering the course of our economy. ⚖️🌏As households and businesses across the country adapt to this change, let's stay informed and proactive about our financial health. Stay tuned for more updates and tips on how to navigate these economic waters. 💪🏡#RBARateHike #EconomyWatch #FinancialAwareness #GrowCapital

BEWARE THIS BUILDINGEveryone is watching the big race,when these same crowds should really bestorming the walls of the RBA.It is an ugly building, full of outdated thinkingand deserves tobe torn down.Raising rates, mindlessly attached to the notion of that is how you bring inflation down, is utterly simplistic,and so last century!The economy is about to drive off a cliff, and the best the RBA can do is look in the rear viewmirror to the data dependent past. The lack of imagination and true central banker ability is breathtaking. This is what you get, when you remove an incompetent central banker, only to replace them with exactly the same culture yet again.The only solution has for a decade been to appoint the Governor from outside the bank.So the disasters of keeping rates near zero for a year too long, thereby adding significantly to the global inflation tsunami,then chasing already out of control inflation belatedlyand far too aggressively,thereby generating the rollercoaster economywe all have to now endure, would not have happened.None of this is hindsight. I wrote in real time how they would make two huge blunders, keeping rates near zero inexcusably long instead fo raising them gently farearlier, and thus having to be overly aggressivefurther down the track.Why can't the Reverse Bank of Australia figure it out?Inflation is its own animal, separate from monetary policy in the new dynamics of the modern global economy full of geo-political supply shocks.It is a nonsense to double down on the pain of Australian families, when that doubling down process is not the correct solution.We again need a new Governor and culture at the RBA. As I have been saying for a decade now.They just keep getting it wrong.Clifford Bennettwww.cliffordbennett.com.au #rba #monetarypolicy #australianpolitics #australianmoenetarypolicy #rates #interestrates #mortgages #property #commercialproperty #economy #economics #politicaleconomy

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📈 The Reserve Bank of Australia takes a pause, but the impact of past rate hikes is still being felt by businesses. 💼💰Find out what this means for the economy and small businesses in our latest article.Stay informed on the latest business news, join our newsletter today: https://lnkd.in/gev_UBwT#RBA #economy #InterestRates #Australia #Inflation