Australia & NZ Weekly Economic Preview

The RBA retains a hawkish policy stance, prioritizing inflation containment over growth concerns. Meanwhile, the report previews key upcoming data for Australia, including May CPI and the Labour Force Survey.

Key Takeaways

• 1.The RBA maintains a hawkish bias and explicitly does not rule out further tightening if required to bring inflation down.
• 2.Goldman Sachs forecasts a 0.4% mom fall in May headline CPI in Australia, keeping year-over-year inflation at 4.2%.
• 3.New Zealand's 1Q2026 GDP grew 0.8% qoq, providing evidence of economic recovery building prior to the Middle-East conflict.

Table of Contents

• Key data over the past week
• Key focus in the week ahead
• Wednesday 24 June, 11:30am AEST CPI, May
• Thursday 25 June, 11:30am AEST Labour Force Survey, May
• Household Spending, May
• Job Vacancies, May
• Australia & NZ Indicator Dashboard
• Disclosure Appendix

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