Monthly Market Highlights

  • April 2020

    May 8, 2020

    The cash rate target remains at 0.25%, and the RBA continues to purchase Australian Government and state government bonds across the yield curve in the amounts necessary to maintain the 0.25% target for the 3-year Commonwealth bond yield and the smooth functioning of the bond market. The Perth CPI rose 0.4% in Q1 2020 to be up 2.1% YoY. Western Australia exported A$42.9 billion of goods in the three months to February. Retail sales rose a seasonally adjusted 9.9% month-on-month in Western Australia during March.

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  • October 2019

    November 7, 2019

    The RBA Board cut the cash rate by 25 basis points to 0.75% at its October meeting. The Perth CPI rose 0.5% in Q3 with the annual inflation rate steady at 1.7% YoY. Western Australian retail sales rose 0.7% in September. Western Australian employment fell a seasonally adjusted 5.9k in September. The trend unemployment rate was steady at 5.7%.

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  • March 2020

    April 14, 2020

    The RBA Board cut the cash rate to a fresh record low of 0.25% in March and announced a yield curve control policy whereby it will target a 3Y bond yield of 0.25%. Employment in Western Australia rose 10.9k in February 2020 in seasonally adjusted terms. The seasonally adjusted unemployment rate fell to 5.2%, the lowest level since 2015. Western Australia exported $42.9 billion of goods in the three months to February with a trade surplus of $34.3 billion for that period.

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  • February 2020

    March 9, 2020

    The RBA Board cut the cash rate to a fresh record low of 0.50% at its March meeting. Employment in Western Australia rose 6.7k in January 2020 in seasonally adjusted terms. The seasonally adjusted unemployment rate rose 0.4 percentage points to 5.8%.

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  • January 2020

    February 6, 2020

    RBA Board left the cash rate unchanged at 0.75% at its February meeting. Employment in Western Australia slipped 5.3k in December in seasonally adjusted terms. The seasonally adjusted unemployment rate fell 0.3 percentage points to 5.4%. Western Australian dwelling approvals increased a seasonally adjusted 5.4% in December 2019 and were up 0.5% YoY. The Perth CPI increased 0.4% in Q4 (unadjusted) to be up 1.6% YoY. The State’s international trade surplus was $37.5 billion in the three months to November 2019.

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  • December 2019

    January 9, 2020

    Employment in Western Australia was virtually unchanged during November in seasonally adjusted terms. The seasonally adjusted unemployment rate edged up 0.1 percentage point to 5.8%. Western Australian dwelling approvals increased 11.5% in October 2019, but were down 4.5% YoY. Western Australian real state final demand fell 0.2% in Q3 2019 and was virtually unchanged from a year earlier. The State’s international trade surplus was $39.3 billion in the three months to October 2019 (unadjusted).

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