Latest economic and financial market updates{yellow-border}
BOQ Chief Economist, Peter Munckton takes a regular look at global and national markets, identifying any emerging trends. Drawing from a plethora of economic data – wage growth, consumer sentiment, consumption rate – Peter’s comprehensive understanding of economics provides insights as to what it all means for Australian households and small businesses.
Economic Update: More to go
6 July 2022
As expected the RBA hiked the cash rate by half percentage point in July. And there is more to come. See my latest report for my views.
Economic Update: what is normal?
18 March 2022
The economy has been buffered by long-lasting significant events. See my latest report as to what they are and how they will impact the economy.
Economic Update: Behind the GDP numbers
11 March 2022
Australia’s economic growth was a little disappoint pre-COVID. But there are better signs for the future. See my latest report for my thoughts.
Economic Update: Wages growth - steady as she goes
24 February 2022
This week we found out that wages growth is rising, but is not yet at a level that leads to cash rate hikes. Read Peter Munckton's latest report for my view.
Full employment - the eternal goal
17 February 2022
The jobs market is strong and all of Australia in benefitting. Read Peter Munckton's latest report for what this means for the Australian economy.
The view from the trenches
11 February 2022
Consumer and business sentiment has taken a bit of a knock at the start of this year. See Peter Munckton's latest report on what this means.
Update the rate wait
4 February 2022
The RBA can see scenarios where interest rates rise this year. Peter Munckton now thinks it is central case. And a rate rise could happen as early as the September quarter. Read more from BOQ Chief Economist Peter Munckton in his latest report.
The return of inflation
27 January 2022
Pre-COVID the worry was that economic growth had not been strong enough for long enough. Now the growing concern is inflation. Read more from BOQ Chief Economist Peter Munckton in his latest report.
House prices - changing down the gears
21 January 2022
House prices were up strongly across much of Australia in 2021. But the gears are changing in 2022. See my latest report for my view
Problems with demand and supply
13 January 2022
The Omicron wave has reduced both demand and supply in the economy. See my latest report for what that means for the Australian economy in 2022.
Investing for the future
09 December 2021
There is a good chance that business investment will grow very strongly this financial year. Partly that reflects cyclical reasons due to the bounce back of the economy. But there has been consistently strong growth of spending on digitisation. See my latest report for details.
The Australian economy: Not everyone has been on the same boat
01 December 2021
Wages growth is picking up and there are good reasons to think that it will continue to get stronger. But not as quick as what financial markets are thinking. BOQ Chief Economist Peter Munckton shares his thoughts in his latest report.
Paydirt
19 November 2021
The latest report card shows that the Australian economy had a tough Q3, but not as tough as feared. BOQ Chief Economist Peter Munckton looks at how the economy is travelling in his latest report