Australian Macro Weekly

Australia's GDP grew 0.3% in Q1 2026, signaling a slowdown in economic momentum. ANZ expects the RBA cash rate to remain unchanged at 4.35% due to softening household incomes and discretionary spending.

Key Takeaways

• 1.Australia's Q1 2026 GDP grew 0.3% q/q, showing signs of easing momentum despite some strength in private demand.
• 2.The RBA cash rate is likely to remain at 4.35% given softer household income and weak discretionary spending.
• 3.Global shipping costs rose 22.6% in the week, the sharpest weekly rise since June 2025.

Table of Contents

• The week that was
• Energy/supply chain monitor
• Recent insights
• Data previews
• Forecasts
• Data and event calendar
• Five-week calendar

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