Ivan Colhoun

Ivan Colhoun

“Ivan writes for NAB's daily and weekly economics and market reports, and regularly speaks with the media about the economy and financial market.”

Ivan Colhoun is Chief Economist, Markets for National Australia Bank. He joined NAB in November 2014 and is responsible for the Australian Economics function within the Global Markets Research team.

Ivan has had a long and varied career in Economics. He received a Bachelor of Economics with Honours from the University of Tasmania and commenced his career at the Reserve Bank of Australia.

He spent 15 years at Deutsche Bank finishing as Chief Economist for Australia and Head of Global Markets Research for Australia/NZ, before following his passion for aviation by joining Qantas as Chief Economist.

Most recently, Ivan was Chief Economist for Australia for ANZ Bank. He has also consulted to SEEK, Virgin Australia and IATA.


With house prices rising, vacancy rates declining and a previous drop in building approvals, it’s likely that residential construction activity should begin to strengthen.

What can the history of Australian monetary policy tell us about the current monetary policy debate?

The Australian budget in the first six months of this financial year is tracking a little higher, but not significantly worse than recent budget forecasts

Fed pressure index signalling upside risks for US inflation and interest rates?

While we are receiving many questions about the impact of President Trump’s policies on the outlook for the US and global economies and markets, the most frequent question we are being asked about Australia is “why is NAB forecasting two interest rate cuts in 2017” (in May and August)?

How fast (or slow) is Australian employment growth?

This week we report on the views of Japanese clients of Australia following a recent trip to the country.

With the RBA a keen inflation targetter, albeit within a flexible medium-term framework, each quarterly CPI reading provides an important update on current inflation trends and is a key input into the Bank’s forecasts.

In this weekly, we look at a number of indicators that are increasingly suggesting we are broadly at the bottom of the mining cycle.

Attached to this week’s publication is a detailed slide pack covering the latest trends in Australia’s population.

This week, we thought we would focus on three themes: (i) Friday night’s US labour market data; (ii) this week’s upcoming Australian Q2 GDP data; and (iii) some thoughts on apartment settlements.

Spare capacity in the labour market seems to have been an important part of the RBA’s recent decision to lower the cash rate further. The linkage is low wages growth – which reflects this spare capacity – and which, as a key determinant of prices, impacts on the RBA’s outlook for inflation.

Over the past few years, the rate of increase of Australian house prices has at times been of concern to the RBA.

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