News & insights

The record wage boost was supported by several Fair Work Commission decisions, which were well known in advance and unlikely to be repeated. We therefore do not expect the Reserve Bank to respond to the strong read.

The impacts of the pandemic have been enormous. They forced new ways of living to emerge and accelerated many trends that had already been growing in the years prior. Few sectors have been unaffected. Commercial property supply-and-demand dynamics have been altered by transformational changes to the way we live, work, shop, and do business. These have lasting implications for risk and return. Read our article for more detail.

The June quarter National Accounts confirmed the economy is slowing, and we expect to see further slowing from here. This means the next move in the rate cycle is likely to be down, in the second half of next year, when it becomes clear the economy needs policy support.