Australia’s December quarter inflation was lower than recent quarters, but the one-year trailing rate of inflation (which contains much sharper price rises from earlier in 2023) remains elevated.
January provided a continuation of recent benign investment market conditions.
Australian shares, listed Real Estate Trusts and global shares each gained between +1% and +2%, and a falling Australian dollar added to unhedged investors’ returns.
Bond yields increased marginally, resulting in modest but still positive returns for fixed interest investors, while credit spreads were little-changed in the month.
The RBA did not meet in January, and the official cash rate remained at 4.35% pa through January.
Disclaimer: The above is intended as general market commentary only and is not intended as, and does not constitute, advice of any kind. No liability is accepted for any action taken based on the above or for any loss suffered as a result of reliance on the same.
