Aura Group sees persistent domestic inflation keeping Australian monetary policy restrictive
Bitget2026/11/06 05:40- The RBA raised its cash rate 25 basis points to 4.85% in November 2026, responding primarily to domestic capacity constraints.
- Underlying inflation is now expected to remain above 3% until late 2027, keeping monetary conditions restrictive for an extended period.
- Markets cut the probability of another increase by February 2027 to 30% from approximately 50% as policymakers signaled a more measured approach.
- Dwelling prices fell almost 5% from their March peak, with tax changes amplifying monetary tightening’s impact.
- Household consumption and dwelling investment forecasts were lowered, while higher labor, energy and input costs pressured business margins.
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