Australian Macro Weekly

The RBA maintains a hawkish bias despite signs of economic slowing. Meanwhile, the Australian housing market is experiencing a deeper downturn, reflected in consecutive price declines and lower building approvals.

Key Takeaways

• 1.RBA remains hawkish with inflation above target, despite a recent softening in activity and rising unemployment.
• 2.Australia's housing market is cooling significantly, with capital city prices falling for the third consecutive month.
• 3.Building approvals have fallen due to feasibility concerns, signaling further weakness in housing activity.

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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