From the Desk of the Chief Economist- Federal Budget 2023 and RBA May Statement of Monetary Policy: What’s Next for Australia?

On Friday 5th May the Reserve Bank of Australia handed down its May Statement of Monetary Policy 2023, discussing the state of the economy after 11 cash rate hikes. This is followed by the Federal Government handing down its highly anticipated Federal Budget 2032 on Tuesday 9th May, which promised us to be a “cost-of-living centric” Budget. Was there a policy mismatch or does it address our current reality? Will we see a recession at the end of 2023? Where to now? What does it mean for the housing / real estate industry? Read our holistic and comprehensive analysis in the latest “From the Desk of the Chief Economist”




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