Australia and New Zealand Weekly

The RBA maintained a hawkish stance at its June meeting despite steady rates, signaling possible future hikes. Meanwhile, easing energy prices following a Middle East ceasefire provide temporary relief to the Australian and New Zealand economies.

Key Takeaways

• 1.The RBA kept the cash rate at 4.35% but maintained a hawkish bias, signaling that further rate hikes are possible if inflation persists.
• 2.Recent Middle East tensions have eased following a ceasefire, leading to a decline in global oil prices and offering some relief to household and business cost pressures.
• 3.New Zealand's RBNZ is expected to remain on hold until September, as easing fuel costs provide more headroom to monitor economic data.

Table of Contents

• Economic Insight
• The Week That Was
• Focus on New Zealand
• For the week ahead
• Economic & financial forecasts

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