It's a bet each way ahead of today's RBA Board meeting on interest rates
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It’s a bet each way ahead of today’s RBA Board meeting on interest rates

As the heat comes out of the inflation rate, the pressure to increase the cash rate has eased. But will it be enough to keep it on hold?

By KANEBRIDGE NEWS
Tue, Aug 1, 2023 9:38amGrey Clock < 1 min

Economic experts are split over whether another interest rate increase is likely ahead of this afternoon’s meeting of the RBA Board.

While three of the four top banks predicted a few months ago that rates would most likely increase in August, last week’s inflation figures have cast doubt on that outcome. The Australian Bureau of Statistics released data showing that the rate of inflation had fallen for the second consecutive month, down to 6 percent from a peak of 7.8 percent in December last year. While it is heading in the right direction, the pace of the decrease may not be enough to head off a further rise in the cash rate.

Under the governorship of Philip Lowe, the RBA Board has been determined to drive down inflation to a more manageable range of 2 to 3 percent. However, interest rates have risen by 4 percent in little over a year, putting increasing pressure on household budgets and fuelling concerns that any further hikes could push Australia into recession. Dr Lowe will step down as governor after the September board meeting, with deputy governor Michele Bullock taking on the role, the first woman to do so.

The competing economic concerns have left the major banks split down the middle about which way this afternoon’s decision will go, with Westpac and the Commonwealth Bank predicting an increase to 4.35 percent and ANZ and NAB suggesting rates will stay on hold at 4.1 percent.

The decision will be announced later this afternoon.



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A ‘cheeky’ seat takes out the top prize at Australia’s Next Top Designers Awards

A cash prize from Kanebridge Quarterly magazine, offered for the first time this year, drew a record number of entries for the design competition

By KANEBRIDGE NEWS
Mon, Jun 17, 2024 2 min

A versatile stool with a sense of fun took out the top prize at the Australia’s Next Top Designers awards at Design Show Australia last week.

The ‘Cheeky’ stool designed by Maryam Moghadam was the unanimous winner among the judging panel, which included Kanebridge Quarterly magazine Editor in Chief, Robyn Willis, Workshopped Creative Director Olaf Sialkowski, Design Show event organiser, Andrew Vaughan and Creative Director at Flexmirror Australia, Matt Angus.

Designed as an occasional stool or side table, the Cheeky stool comes in a range of skin tones. The judges applauded its commercial applications, its flexibility to work in a range of environments, and its sense of play.

In accepting the $10,000 prize, designer Maryam Moghadam quipped she was pleased to see ‘other people find bums as funny as I do’. A finalist at last year’s awards, Moghadam will put the prize money towards bringing her product to market.

Winner Maryam Moghadam said the $10,000 prize money would be put towards developing her product further for market.

Australia’s Next Top Designers is in its fourth year, but this is the first year a cash prize has been offered. Kanebridge Quarterly magazine has put up the prize money to support the next generation of emerging industrial design talent in Australia.

Editor in Chief Robyn Willis said the cash prize offered the winner the opportunity to put the money towards whatever aspect of their business it would most benefit.

“That might be prototyping their product further, spending on marketing, or simply paying for travel or even childcare expenses to allow the designer to focus on their work and take it to the next stage,” she said. “We’re thrilled to be supporting this design program and nurturing emerging design in a very practical way.”

The Coralescence lamps from the Tide Pool series by Suzy Syme and Andrew Costa had strong commercial applications, the judges said.
The Mass lamp by Dirk Du Toit is crafted from FSC-certified oak or walnut.

Two finalists were also awarded ‘highly commended’ by the judges — Mass lamp by Dirk Du Toit and the Coralescence lights from Suzy Syme and Andrew Costa at Tide Pool Designs. The judges agreed both products were beautifully resolved from a design perspective, as well as having strong commercial applications in residential and hospitality design. 

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This stylish family home combines a classic palette and finishes with a flexible floorplan

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