Stephen Koukoulas
speaker
2,355 appearances
24 recordings
2 series
first heard Apr 2026
last heard 20 Sep
Stephen Koukoulas’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 24 in all, peaking in May 2026 with 6.
Appearances
You know, that well, first of all, the money markets are pricing in, you know, a very tiny chance of a of a rate hike.
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I think it's there just in case.
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But really
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The data flow of the last few weeks has been consistent with an on-hold decision.
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Now, that doesn't mean that inflation's rushing back to target or that the unemployment rate is increasing so they don't have to hike again, but the direction of a range of indicators are consistent with the with the topping out of the rate of inflation.
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That we know that monetary policy works with a lag.
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The RBA knows that and they spell it out every time they give a press conference.
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Michelle Bullock, the governor, certainly does that.
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And that little bit of a downside surprise on the CPI, the inflation numbers a couple of weeks ago, uh, the fact that you know business confidence is down, consumer sentiment's down, house prices are down, even though they don't target house prices, they're part of the sort of the wealth effect, if you like.
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Yeah.
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It's a pretty straightforward decision.
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Yeah.
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On hold,
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We'll sound hawkish when we give our press uh conference and discussion uh that we may need to hike rates, but for the here and now, no change.
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Um, at the margin, I would have assumed now the RBA does not publish its forecasts or its expectations for monthly or even quarterly household spending.
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But yes, those numbers were quite resilient.
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We had uh I'll use the quarterly numbers because they're arguably the more important ones because they filter into the GDP estimates.
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Plus point seven percent for the June quarter.
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Not a bad result.
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So we consumers while we're feeling gloomy.
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Showing 641–660 of 2,355 · page 33 of 118
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