Global Markets on Track for Higher Structural Inflation, Says Australian Pension Fund -- Market Talk

Global markets are likely heading into a period of higher structural inflation and greater macroeconomic volatility than in recent times, says Andrew Lill, the CIO of Rest, one of Australia's largest pension funds.

WSJ10:52

Australian Central Bank Says No Enough Evidence of Firming Demand to Back Rate Hike

Board members noted uncertainty around the data for consumption and clear evidence that many households were experiencing financial stress, according to minutes of the RBA's June policy meeting released Tuesday.

MT Newswires10:21

RBA Sees Recent Data as Insufficient to Prompt Cash Rate Hike

Australia’s central bank saw the case to hold interest rates at a 12-year high in June as the “stronger one” as recent data hadn’t been sufficient to change its long-held assessment that inflation would return to target by 2026.

BNN Bloomberg10:13

Minutes of the Reserve Bank of Australia meeting: warning of upward inflation risk.

The minutes of the June interest rate meeting in Australia showed that members believed that since the May meeting, multiple data points have indicated the need to remain vigilant against the upward risks of inflation. There is further evidence that global economic growth hit the bottom at the end of last year and has gradually rebounded; meanwhile, the deceleration in inflation in many countries has slowed. However, members pointed out that Australia's first-quarter economic growth was very weak, slightly lower than expected, and there is also further evidence that wage growth may have peaked at the end of last year. The minutes mentioned that members believed that the reasons for maintaining interest rates unchanged at the previous month's meeting were stronger than those for raising them, as the data collected since the May meeting was not enough to change the view that inflation will reach the target in 2026.

AASTOCKS09:56

RBA Considered a Rate Hike in June, Sees "narrow" Path to Normalization- Minutes

The Reserve Bank of Australia had considered raising interest rates in June in the face of stickier-than-expected inflation, the minutes of the June meeting showed on Tuesday, with the bank seeing an increasingly narrower path to stability.

Investing09:44

Australia's job market is in crisis: where will the declining job advertisements, australian dollar, and interest rates go?

The Australian job market has undergone a series of changes in recent years, especially in terms of the number of job advertisements. According to a joint study by ANZ banks and the Indeed website, job advertisements in Australia have been declining for five consecutive months, sparking in-depth discussions about the prospects of the job market.

FX678 FinanceJul 1 15:40