2024 Market Perspective & Economic Distress Indicators (February 2024)

We are pleased to release our first EDI stat pack for 2024, which also includes our market perspectives for 2024.

In this month’s release, we finally see the inflation rate move closer to the RBA’s target, with the monthly CPI falling sharply in December, down to 3.4 percent from 4.1 percent in November following the 13 interest rate rises by the RBA since May 2022. This was a key factor in the RBA’s decision to keep rates steady at 4.35 percent at the January Board meeting. Despite these positive signs, Michele Bullock has been quick to point out that returning inflation to target in a r...

Sign in below or register now to read the full article

Authors: Gayle Dickerson

Published Date: 14 February 2024