{"id":973,"date":"2018-07-26T14:17:00","date_gmt":"2018-07-26T14:17:00","guid":{"rendered":"http:\/\/propertyandlivestock.com.au\/?p=973"},"modified":"2020-05-11T17:15:06","modified_gmt":"2020-05-11T17:15:06","slug":"heres-what-economists-are-saying-about-australias-inflation-report-july-2018","status":"publish","type":"post","link":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/","title":{"rendered":"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><strong>Australia\u2019s June quarter consumer price inflation (CPI) report came in slightly weaker-than-expected.<\/strong><\/li><li><strong>Financial market movements indicate there\u2019s now less chance of a RBA rate hike arriving in the foreseeable future.<\/strong><\/li><li><strong>Economists have expressed a similar view, although they don\u2019t believe it has any near-term implications for monetary policy settings.<\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Shane Oliver, AMP Capital<\/h3>\n\n\n\n<p>The June quarter inflation data confirms yet again that, while we may have seen the bottom in inflation for this cycle in 2016, price growth is only running around the bottom end of the RBA\u2019s 2-3% target band and there are no signs of any near-term significant price pressures in Australia, particularly with subdued wages growth and competition and technological innovation remaining intense.<\/p>\n\n\n\n<p>We remain of the view that the RBA won\u2019t raise interest rates until 2020 at the earliest and, given the weakness in inflation, wages and the Sydney and Melbourne housing markets, along with the uncertain outlook for consumer spending, the next move being a rate cut cannot be ruled out.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>Australia\u2019s June quarter consumer price inflation (CPI) report came in slightly weaker-than-expected. Financial market movements indicate there\u2019s now less chance of a RBA rate hike arriving in the foreseeable future. Economists have expressed a similar view, although they don\u2019t believe it has any near-term implications for monetary policy settings. Shane Oliver, AMP Capital The June&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","two_page_speed":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-973","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018 - David Carter Property and Livestock<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018 - David Carter Property and Livestock\" \/>\n<meta property=\"og:description\" content=\"Australia\u2019s June quarter consumer price inflation (CPI) report came in slightly weaker-than-expected. Financial market movements indicate there\u2019s now less chance of a RBA rate hike arriving in the foreseeable future. Economists have expressed a similar view, although they don\u2019t believe it has any near-term implications for monetary policy settings. Shane Oliver, AMP Capital The June&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"David Carter Property and Livestock\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/davidcarterpropertylivestock\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-26T14:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T17:15:06+00:00\" \/>\n<meta name=\"author\" content=\"David Carter Property and Livestock\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LivestockDavid\" \/>\n<meta name=\"twitter:site\" content=\"@LivestockDavid\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Carter Property and Livestock\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/\",\"url\":\"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/\",\"name\":\"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018 - David Carter Property and Livestock\",\"isPartOf\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#website\"},\"datePublished\":\"2018-07-26T14:17:00+00:00\",\"dateModified\":\"2020-05-11T17:15:06+00:00\",\"author\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84\"},\"breadcrumb\":{\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/propertyandlivestock.com.au\/en_au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#website\",\"url\":\"https:\/\/propertyandlivestock.com.au\/en_au\/\",\"name\":\"David Carter Property and Livestock\",\"description\":\"Settting the right expectations\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/propertyandlivestock.com.au\/en_au\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84\",\"name\":\"David Carter Property and Livestock\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g\",\"caption\":\"David Carter Property and Livestock\"},\"url\":\"https:\/\/propertyandlivestock.com.au\/en_au\/author\/pwsbuilder\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018 - David Carter Property and Livestock","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/","og_locale":"en_US","og_type":"article","og_title":"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018 - David Carter Property and Livestock","og_description":"Australia\u2019s June quarter consumer price inflation (CPI) report came in slightly weaker-than-expected. Financial market movements indicate there\u2019s now less chance of a RBA rate hike arriving in the foreseeable future. Economists have expressed a similar view, although they don\u2019t believe it has any near-term implications for monetary policy settings. Shane Oliver, AMP Capital The June&hellip;","og_url":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/","og_site_name":"David Carter Property and Livestock","article_publisher":"https:\/\/www.facebook.com\/davidcarterpropertylivestock","article_published_time":"2018-07-26T14:17:00+00:00","article_modified_time":"2020-05-11T17:15:06+00:00","author":"David Carter Property and Livestock","twitter_card":"summary_large_image","twitter_creator":"@LivestockDavid","twitter_site":"@LivestockDavid","twitter_misc":{"Written by":"David Carter Property and Livestock","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/","url":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/","name":"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018 - David Carter Property and Livestock","isPartOf":{"@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#website"},"datePublished":"2018-07-26T14:17:00+00:00","dateModified":"2020-05-11T17:15:06+00:00","author":{"@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84"},"breadcrumb":{"@id":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/heres-what-economists-are-saying-about-australias-inflation-report-july-2018\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertyandlivestock.com.au\/en_au\/"},{"@type":"ListItem","position":2,"name":"Here\u2019s what economists are saying about Australia\u2019s inflation report July 2018"}]},{"@type":"WebSite","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#website","url":"https:\/\/propertyandlivestock.com.au\/en_au\/","name":"David Carter Property and Livestock","description":"Settting the right expectations","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertyandlivestock.com.au\/en_au\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/7fb75b1cef8fef8e63ef0c6b8c337e84","name":"David Carter Property and Livestock","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/propertyandlivestock.com.au\/en_au\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d38c6fe4891bbc7f7356efa237a96363?s=96&d=mm&r=g","caption":"David Carter Property and Livestock"},"url":"https:\/\/propertyandlivestock.com.au\/en_au\/author\/pwsbuilder\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":924,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/rba-announces-its-september-interest-rate-decision\/","url_meta":{"origin":973,"position":0},"title":"RBA Announces Its September Interest Rate Decision","author":"David Carter Property and Livestock","date":"September 4, 2018","format":false,"excerpt":"Increases over the last week by the likes of Westpac and Suncorp were a factor in the RBA\u2019s decision to leave official rates on hold for yet another month at 1.5 per cent. It marks the longest ever run of interest rate stability in Australia, with the last movement (a\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":959,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/rba-reveals-august-cash-rate\/","url_meta":{"origin":973,"position":1},"title":"RBA Reveals August Cash Rate","author":"David Carter Property and Livestock","date":"August 7, 2018","format":false,"excerpt":"The Reserve Bank of Australia has today announced the official cash rate for August following its monthly board meeting. The RBA has held the cash rate at a record low of 1.5 per cent, a move predicted by most industry pundits amid mixed economic conditions. Economist at AMP Capital Shane\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":869,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/rba-rate-cuts-are-not-off-the-table-and-qe-is-a-policy-option-in-australia\/","url_meta":{"origin":973,"position":2},"title":"RBA: Rate Cuts Are Not Off The Table, and \u2018QE Is a Policy Option in Australia\u2019","author":"David Carter Property and Livestock","date":"December 7, 2018","format":false,"excerpt":"The RBA has been saying all year that the next move in official interest rates is likely to be up.The central bank\u2019s deputy governor used a speech in Sydney to clarify that the bank will still cut rates if required \u2014 and that it is also prepared to use quantitative\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":780,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/drought-induced-female-turnoff-reaches-record-levels\/","url_meta":{"origin":973,"position":3},"title":"Drought-Induced Female Turnoff Reaches Record Levels","author":"David Carter Property and Livestock","date":"August 10, 2019","format":false,"excerpt":"Key points: Adult cattle slaughter levels revised up to 8.1 million headFemale slaughter reaches 58% of total adult cattle slaughterRobust export demand supporting finished cattle prices FEMALE cattle turnoff has reached record levels as severe water shortages across many key beef production regions have accelerated the pace of drought-induced destocking,\u2026","rel":"","context":"In &quot;Livestock&quot;","block_context":{"text":"Livestock","link":"https:\/\/propertyandlivestock.com.au\/en_au\/category\/livestock\/"},"img":{"alt_text":"David Carter Property and Livestock","src":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/female-slaughter-2019-Aug.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/female-slaughter-2019-Aug.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/female-slaughter-2019-Aug.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/propertyandlivestock.com.au\/wp-content\/uploads\/2020\/05\/female-slaughter-2019-Aug.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":1013,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/australian-agricultural-commodities-outlook-2018-snapshot\/","url_meta":{"origin":973,"position":4},"title":"Australian Agricultural Commodities Outlook 2018 Snapshot.","author":"David Carter Property and Livestock","date":"July 8, 2018","format":false,"excerpt":"Australian Agricultural Commodities Outlook 2018 Snapshot. (Source: Rabobank Agribusiness Outlook 2018) Wheat\u00a0- prices\u00a0will\u00a0continue\u00a0to\u00a0be\u00a0weighed\u00a0down\u00a0in\u00a02018,\u00a0following\u00a0another\u00a0record\u00a0year\u00a0of\u00a0global\u00a0wheat\u00a0production\u00a0in\u00a02017, and with\u00a0forecast\u00a0global\u00a02017\/18\u00a0ending\u00a0stocks\u00a0set\u00a0to\u00a0reach\u00a0a\u00a0new\u00a0record\u00a0of\u00a0273\u00a0million\u00a0tonnes.\u00a0Prospects\u00a0for\u00a0market\u00a0strengthening have\u00a0however\u00a0emerged,\u00a0with\u00a0Rabobank\u00a0forecasting\u00a0a\u00a0limited\u00a0price\u00a0appreciation\u00a0in\u00a0the\u00a0global\u00a0benchmark\u00a0over\u00a0the\u00a0coming\u00a0year. Barley\u00a0\u2013\u00a0forecasts\u00a0for\u00a0the\u00a0lowest\u00a0global\u00a0ending\u00a0stocks\u00a0in\u00a0more\u00a0than\u00a030\u00a0years\u00a0and ongoing\u00a0strength\u00a0in\u00a0Australian\u00a0livestock markets\u00a0are\u00a0set\u00a0to\u00a0keep\u00a0barley\u00a0prices\u00a0elevated. Dairy\u00a0\u2013 the\u00a0road\u00a0to\u00a0recovery\u00a0resumes,\u00a0the\u00a0Rabobank\u00a0report\u00a0says,\u00a0with\u00a0trading\u00a0conditions\u00a0for\u00a0dairy\u00a0farmers\u00a0to\u00a0be\u00a0broadly attractive,\u00a0and\u00a0processor ownership\u00a0issues\u00a0resolving.\u00a0Growth\u00a0in\u00a0the\u00a0global\u00a0exportable\u00a0dairy\u00a0surpluses\u00a0will\u00a0however\u00a0continue\u00a0to\u00a0expand\u00a0in\u00a0the\u00a0first\u00a0quarter\u00a0of\u00a0the\u00a0year,\u00a0putting\u00a0ongoing pressure\u00a0on\u00a0global\u00a0prices. However,\u00a0the\u00a0bank\u00a0isn\u2019t expecting\u00a0these\u00a0surpluses\u00a0to\u00a0overwhelm\u00a0the\u00a0global\u00a0market.\u00a0China\u2019s\u00a0import appetite\u00a0for\u00a0dairy\u00a0is\u00a0also\u00a0forecast to\u00a0remain\u00a0buoyant\u00a0during\u00a0the\u00a0year. Beef\u00a0\u2013\u00a0growing\u00a0global\u00a0beef\u00a0(as\u00a0well\u00a0as\u00a0poultry\u00a0and\u00a0pork)\u00a0production, together\u00a0with\u00a0increased\u00a0cattle\u00a0inventory\u00a0in\u00a0Australia,\u00a0will exert\u00a0downward\u00a0pressure\u00a0on\u00a0Australian\u00a0cattle\u00a0prices\u00a0through\u00a02018. Sheepmeat \u2013\u00a0Strong export markets and limited growth in global lamb production are expected to continue to drive good prices\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":945,"url":"https:\/\/propertyandlivestock.com.au\/en_au\/reserve-bank-of-australia-to-keep-rates-on-hold-until-2021-westpacs-bill-evans\/","url_meta":{"origin":973,"position":5},"title":"Reserve Bank of Australia to keep rates on hold until 2021: Westpac\u2019s Bill Evans","author":"David Carter Property and Livestock","date":"August 21, 2018","format":false,"excerpt":"Westpac\u2019s chief economist Bill Evans has made the counter-consensus call that the Reserve Bank of Australia will keep interest rates on hold until 2021, casting doubt over its forecasts, and acknowledging that financial conditions are tightening in the absence of rate hikes. \u201cSome may argue that we are unrealistically forecasting\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/posts\/973"}],"collection":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/comments?post=973"}],"version-history":[{"count":0,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/posts\/973\/revisions"}],"wp:attachment":[{"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/media?parent=973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/categories?post=973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyandlivestock.com.au\/en_au\/wp-json\/wp\/v2\/tags?post=973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}