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Showing 1 - 10 of 145 results for "Household spending"

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... estimates suggest that the 4% hike in the cash rate target since May 2022 is projected to diminish overall household spending by approximately 0.4% - 0.8% annually, attributed primarily to the cash-flow channel. However, interest rate changes also affect ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... decisions, the board will continue to pay close attention to developments in the global economy, trends in household spending, and the outlook for inflation and the labour market." The decision was no surprise to most economists who predicted the hold ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... meeting, the RBA said it will have additional data on inflation, the global economy, the labour market, and household spending, as well as an updated set of staff forecasts and a revised assessment of the risks. "Members reaffirmed their determination ...

Australians prioritise financial independence: Research

CASSANDRA BALDINI  |  TUESDAY, 23 MAY 2023
... with post-pandemic pressures and the cost of living crisis which has forced three in five Aussies to adjust household spending and budgets, Insignia said. "It's clear Australians have changed their priorities in life from the traditional dream of ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... activity. Further, the ongoing impacts of Russia's invasion of Ukraine and domestic inflation could dampen household spending through reduced real income and higher for longer interest rates.

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... they would receive another quarterly reading on inflation, additional monthly readings on the labour market, household spending and business conditions, and further information on developments in the global economy and financial markets," the minutes ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... consumption is another factor influencing the RBA's outlook. Lowe noted that higher interest rates are impacting household spending; consumption is withering below average. "Looking forward, we expect that consumption growth will remain subdued for ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... need to increase, the board will be paying close attention to developments in the global economy, trends in household spending and the outlook for inflation and the labour market."

RBA hikes interest rates to 10-year high, flags further increases

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... months to bring inflation back in line. The RBA will continue to closely monitor global economic developments, household spending, inflation, and the labour market to determine the extent of future interest rate hikes needed, Lowe said. "The Board remains ...

Australian housing slump marches on

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... of the downturn remain: poor affordability, rising mortgage rates, some rise in new listings, a rotation in household spending from goods, cost of living pressures, and a collapse in homebuyer confidence," Oliver said. Though, he argued the biggest driver ...
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