Yesterday
RBA’s new messaging has ‘bought it more time’
The RBA’s decision to scrap its forward guidance has given it more flexibility, economists say, and an ability to stay dovish in the face of a rowdy bond market.
- Alex Gluyas
- Analysis
- RBA
Bond traders ramp up bets on ‘big shift’ in global monetary policy
Investors are increasingly testing central bankers’ insistence that elevated inflation will be fleeting.
- Tommy Stubbington
RBNZ says house prices largely outside its control
The Reserve Bank of New Zealand has played down its ability to curb soaring house prices, saying it only has a small role to play in keeping the market steady.
- William McInnes
Inflation expectations point to accelerating wages growth
Evidence of elevated inflation expectations highlights that wages growth is climbing, while consumer confidence rebounded to its highest level since July 2021.
- Alex Gluyas
October
Reserve Bank fronts pressure to dump bond yield target
The battle between the RBA and markets over a timeline for cash rate hikes is expected to lift a gear at Tuesday’s monetary policy meeting.
- Tom Richardson
10 long reads for this weekend
The week the global inflation story started to get real; the 27-year-old who’s made $170 million out of Oodies; and everything you need to know before you fly overseas.
- Andrew Burke
The week inflation started to get very real
Prices are rising at petrol stations, on construction sites, at supermarket checkouts and throughout supply chains, and wages pressures are everywhere.
- Ronald Mizen
- Exclusive
- Monetary policy
Don’t panic on inflation, insists Josh Frydenberg
Interest rates are on the way up earlier than previously expected and possibly as soon as next year, putting borrowers and the housing market on notice.
- Ronald Mizen and Cecile Lefort
Some workers are getting big pay rises, but many are not
Australia is facing a two-speed wage economy with some workers in finance, law, accounting and construction getting big pay rises, while teachers and nurses get very little.
- Ronald Mizen and David Marin-Guzman
- Opinion
- Property prices
House prices could fall as much as 20pc after rate increases
Even 100 basis points of rate increases would have profound consequences for asset pricing, and house prices could correct about 15 to 25 per cent.
- Updated
- Christopher Joye
US economy slows, but stagflation talked down
US GDP has slowed while inflation is consistently high. Is this the day stagflation began in America?
- Matthew Cranston
ECB holds line on inflation after ‘a lot of soul-searching’
The European Central Bank still maintains that price spikes will prove temporary – even if they last throughout next year.
- Hans van Leeuwen
Even the RBA is having trouble retaining staff
The Reserve Bank of Australia is struggling to retain staff as young, bright economists and analysts find the grass is greener outside 65 Martin Place.
- Ronald Mizen
Prices jump prods RBA on rates
Stronger than expected inflation is pressuring the Reserve Bank to bring forward guidance for interest rate rises, while bullish investors are now tipping at least three increases in 2022.
- Updated
- Ronald Mizen, Cecile Lefort and John Kehoe
- Opinion
- Interest rates
Australia catches pandemic inflation
A stronger rise in inflation has thrust Australia into the midst of the most crucial global economic question facing investors, homeowners and businesses.
- John Kehoe
Inflation recovery reignites RBA’s feud with bond market
Bond yields exploded higher after inflation data led financial markets to sharpen speculation of rate hikes sooner than expected, putting the RBA in an unenviable position.
- Cecile Lefort
Wall St powers through inflation concerns to reclaim record
Investors are riding the wave of corporate profit growth, despite growing evidence of inflationary pressures that would hurt equity valuations.
- Alex Gluyas
- Opinion
- Investing
Four reasons not to be too worried about stagflation
Recent declines in some commodity prices and surging saving rates provide hope that the exceptional events that have created the severe supply pressures will ease.
- Scott Haslem
- Analysis
- Analysis
Investors’ fear of central bank errors reflected in short-term bonds
Investors have shifted from betting on reflation to fretting about stagflation, or at least a combination of higher inflation and lower economic growth that puts central banks in an awkward spot.
- Tommy Stubbington and Kate Duguid
Investors flee sinking bond funds after $2.6b tumble
Rising yields and investor outflows have weakened bond funds as inflation pressures build. Since the start of the year, investors have pulled $890 million, according to EPFR.
- Updated
- Richard Henderson
