Market watchers pivoted on Japanese and Australian central bank words and actions today while some Federal Reserve members went dovish with calls for an actual rate cut in the upcoming December meeting as the US economy shows more signs of weakness (not that we would know given the NFP result hasn’t been printed for two
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The Reserve Bank of New Zealand’s dovish shift, including the larger 50 bp cut at its October monetary policy meeting, saw the official cash rate fall to 2.5%, down 3.0% from its most recent peak: The sharp drop in the official cash rate has been matched in the mortgage market, where rates have fallen back
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Given that it appears the Albense government is, once again, set to sell you out to the gas cartel with fake domestic reservation, it falls to me to point out one final irony. Just as Australia moves to do a fake version of what it should have done in 2012, a global gas glut of
The post LNG imports are Australia’s last energy hope appeared first on MacroBusiness.
Victorians are experiencing acute Stockholm Syndrome, wedded to the failing state Labor government who has been in power for 22 of the past 26 years. Victoria’s nine-month lockdown during the Covid-19 outbreak was among the longest and most severe in the world. It was also brought to us by the state government, whose incompetence with
We all understand the wisdom of Professor Michael Pettis. Today, he returns to discuss the implications for Australia of a severe China adjustment. “I don’t think overly emphasising commodity production is good for long-term growth because I don’t think productivity growth in commodity production compares with productivity growth in manufacturing,” he says. “Many people see
The Albanese government claims it wants to reduce immigration to Australia. However, its actions on the international student front say otherwise. Australia already has the highest share of international students and graduates in the world, accounting for 3.2% of the nation’s population as of Q3 2025, up from the pre-pandemic peak of 2.9%. However, the