SRA
AUSTRALIA’S INDEPENDENT SITUATIONAL ASSESSMENT CAPABILITY
ASSESSMENT LOG
Cash Rate Increased to 4.35% by Reserve Bank of Australia
The Reserve Bank of Australia increased the cash rate by 25 basis points to 4.35 per cent at its May 2026 monetary policy decision, citing inflation remaining above target and ongoing strength in the labour market. The Board stated that further tightening of monetary…
Long-range forecast indicates below-average rainfall for eastern Australia
The Bureau of Meteorology’s May to July outlook shows rainfall is likely to be below average for much of eastern Australia and parts of the south. Daytime and overnight temperatures are projected to be above average for most of the continent during this period.
Dwellings Approved Decrease 1.9% in March 2026
The Australian Bureau of Statistics reported total dwellings approved fell 1.9 per cent in March 2026, following a revised 0.9 per cent increase in February, with private sector house approvals down 3.8 per cent.
Annual CPI Inflation Recorded at 4.6% in March 2026
The Australian Consumer Price Index (CPI) rose 4.6% in the 12 months to March 2026, according to Australian Bureau of Statistics data released on April 29, 2026. This annual rate increased from 3.7% in February 2026, driven primarily by housing (+6.5%),…