Australian Macro Weekly

The RBA held the cash rate at 4.35% as focus shifts to upcoming May inflation data. ANZ has revised housing price forecasts downward while tracking global supply chain and energy price volatility.

Key Takeaways

• 1.The RBA kept the cash rate unchanged at 4.35% with a hawkish tone regarding inflation persistence.
• 2.ANZ has downgraded housing price forecasts for 2026 and 2027, expecting sharp declines in Sydney and Melbourne.
• 3.Global shipping costs rose 11.8% in the week, reaching their highest levels since January 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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