Australian interest rates

More bad news for the private economy as the true state of weakness is now hitting capex intentions.

The most significant information in Wednesday’s monthly inflation indicator from the Australian Bureau of Statistics (ABS) was the sharp decline in housing inflation.

The Reserve Bank of Australia (RBA) would be happy with Wednesday’s monthly CPI indicator from the Australian Bureau of Statistics (ABS). The ABS reported an annual headline CPI of 2.5% in January (versus 2.6% expected) and the policy-relevant trimmed mean inflation of 2.8% (within the RBA’s target of 2% to 3%).

Recent polling suggested that the Albanese Labor government faces imminent defeat at the upcoming federal election.

When RBA kiss-arses like old Rossco turn, you know your central bank has lost its credibility.

Australian housing affordability has never been worse.

As we know, the RBA is paid to lie about the immigration-led, labour market expansion economic model because if it didn’t, the model would collapse at the ballot box.

Andrew Boak of Goldman Sachs should be RBA governor.

They are queuing up now, and why not?

Gareth Aird and Stephen Wu, economists at CBA, published a report (presented below) explaining how the Reserve Bank of Australia’s (RBA) February Statement of Monetary Policy (SoMP) lowered the neutral estimate of Australia’s cash rate to around 2.9%, down from its previous estimate of 3.5%.

As Westpac illustrates, the RBA’s wage fgrowth outlook is ridiculous. In the December quarter, the Wage Price Index (WPI) rose 0.7% which at three decimal places was just 0.654%, a whisker off rounding down to 0.6%.

The RBA is a paid propagandist for the immigration-led, labour market expansion economic model. This means it must lie about the wage-suppressing effects of immigration or voters will demand the model (some might say scam) is shut down.

The rotting fishhead AFR launched a stingingly politicised campaign to prevent monetary easing, and its journos and hangers-on were all wrong.

The profoundly corrupt and stupid interest rate complex was as wrong, wrong, wrong as the RBA cut.

As widely anticipated by the financial market and economists, the Reserve Bank of Australia (RBA) cut the official cash rate (OCR) by 0.25% at Tuesday’s monetary policy meeting.

The Aussie terms of trade shellacking is taking a breather, but the trend is intact and will get much worse.

The latest YouGov poll suggests the Dutton-led Coalition will most likely win the upcoming federal election and form the next government.

The rotten fish head is back, trying to poison the interest rate pond with politicised garbage.

Goldman’s excellent Andrew Boak takes on the third rail of Aussie economics.

Here is ‘hire a hawk” Warren Hogan blathering about holding rates high.

Unless you are a rusted-on hawk, the RBA is cutting next week with bells on.

Current market pricing has ascribed a 93% probability that the Reserve Bank of Australia (RBA) will cut the official cash rate at next week’s monetary policy meeting.

This time John Kehoe at the AFR, who MB likes sometimes because he’s more honest about immigration, but is like his rotten fishhead boss when it comes to politics.

There’s no reason to stop it.