Dear Client RBA ANNOUNCES ITS HOTLY ANTICIPATED FEBRUARY CASH RATE The Reserve Bank of Australia (RBA) has announced a 0.25% cut to the cash rate, bringing it down to 4.10%. This decision comes with the RBA gaining increased confidence in the trajectory of inflation towards its target range. The latest CPI data shows…
April 2024 Dear Client CONSTRUCTION SECTOR ON ROAD TOWARDS NORMALISATION OF COSTS With detached dwelling approvals hitting a 12-year low in January, growth in national construction costs continued to stabilise in the first quarter of 2024, CoreLogic’s Cordell Construction Cost Index (CCCI) shows. The Q1 2024 national CCCI, which tracks the…
Dear Client RBA DELIVERS MARCH CASH RATE DECISION It’s the first-rate decision to be handed down outside of the previous ‘first-Tuesday-of-the-month’ announcement pattern. In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent. The decision to keep the cash rate…
