Bernie Fraser tells a Senate committee hearing on capital gains tax that, if it were up to him, he would abolish the discount, as he warns younger Australians are watching the unaffordable housing market in "dismay" ... .
However, the Australian Dollar trading range remains constrained between 0.6650 and 0.6750 despite clear RBA-Fed divergence ... RBA-Fed Divergence ... The RBA’s latest meeting minutes reveal several important points.
"The RBA will be focused on the underlying inflation impulse and what it signals about the persistence of recent price pressures", Commonwealth BankSeniorEconomistTrentSaunders said in a preview note.
The Reserve Bank of Australia’s (RBA) deputy governor has urged shoppers to “vote with their feet” to avoid dodgy price hikes and warned that inflationary pressures have endured into the new year.
This defiance occurs amidst a potent clash between the Reserve Bank of Australia’s (RBA) increasingly hawkish monetary stance and the persistent, broad-based strength of the US Dollar (USD) ...The Engine of RBA Hawkishness.
"While the monthly gains in employment look modest, the underlying trend shows the labour market remains a little too tight to bring inflation back to the RBA's target midpoint." ... the RBA.
RBAMonetary Policy Confronts Labour MarketReality... These figures collectively suggest a tighter labour market than the RBA anticipated in its previous forecasts ... Foreign exchange markets now price in higher probability of RBA policy tightening.
This anticipated shift comes directly from the Reserve Bank of Australia’s (RBA) decision to reactivate its aggressive campaign against persistent inflation ... The RBA’s Reactivated InflationBattle.
In February 2025, the RBA kept its cash rate target at 4.35% but signaled potential further increases ... Recent economic data supports the RBA’s cautious stance ... RBA’s InflationFight ... Period RBA Policy Rate BOJ Policy Rate AUD/JPY Average.