AGP Executive Report
Last update: 7 hours agoRates and inflation: The RBA lifted the cash rate by 0.25 points to 4.85%, an 18-year high, in a 6–3 vote. Inflation is expected to stay elevated through much of 2027, while the bank sees growth slowing and unemployment rising. The split vote and removal of guidance on further increases point to a possible pause, though the outlook remains uncertain. Households and small business: Borrowers face higher repayments as home prices fall for a seventh straight month and banks cut property forecasts. Small businesses warn the squeeze will hit from weaker customer spending, higher loan costs and owners’ mortgage bills. Investment: IFM Investors more than doubled annual profit to $251.5 million as assets grew to $291 billion, while staff costs topped $1 billion.
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