RBA Hawkish Signal: Rate Hike Looms as Inflation Persists and Productivity Fades

1.3% — That's Australia's new economic speed limit, down from the 2% previously estimated, meaning even sluggish growth could trigger more rate hikes.

Money Moves

• RBA deputy governor Andrew Hauser warns rates may need to rise, saying inflation is running hotter than expected after a US trip highlighted AI-driven cost pressures.
• Productivity crisis deepens as business conditions turn negative for the first time in six years, with HSBC chief economist...