Capital Economics economist Abhijit Surya says Australian household spending rebounded strongly in July and could reinforce the RBA's hawkish tilt, though current data are insufficient to prompt further rate hikes. He adds household spending is likely to record the largest quarterly increase in four years and to exceed the RBA's recent forecasts.

2026-08-27

Capital Economics economist Abhijit Surya says Australian household spending rebounded strongly in July and could reinforce the RBA's hawkish tilt, though current data are insufficient to prompt further rate hikes. He adds household spending is likely to record the largest quarterly increase in four years and to exceed the RBA's recent forecasts.