Economic Update Released

Economic Update Released

Our latest quarterly economic update covering inflation, interest rates, market volatility, cost of living and international affairs.

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Quarterly Economic Update January-March 2023 (650 words)

Economists’ eyes will remain focused on the Reserve Bank of Australia throughout this quarter and whether it will continue to push interest rates ever higher in its continued battle to reduce the domestic rate of inflation.

The Consumer Price Index slowed from 7.4 per cent to 6.8 per cent for the year to February with prices increasing by just 0.2 per cent for the month of February itself, raising hopes the Reserve Bank might halt any further interest rate increases.

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