- Tuesday, 20 February 2018
- News
RBA does not indicate change in monetary policy
Early morning session brought RBA Meeting Minutes. Over 2017, progress had been made in reducing the unemployment rate and bringing inflation closer to target. The low level of interest rates was continuing to play a role in achieving this outcome. Further progress on these goals was expected over the period ahead but the increase in inflation was likely to occur only gradually as the economy strengthened; the Bank's central forecast for the Australian economy was for GDP growth to pick up to average a little above 3 per cent over the next two years and for CPI inflation to be a little above 2 per cent in 2018.
Read more...
- Tuesday, 06 February 2018
- News
RBA left interest rates unchanged
According to the the latest RBA statement the Board decided to leave the cash rate unchanged at 1.50 per cent. There was a broad-based pick-up in the global economy in 2017. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth has also picked up in the Asian economies, partly supported by increased international trade. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth.
Read more...
- Monday, 22 January 2018
- News
ANZ forecasts an interest rate hike in May
Next Wednesday’s CPI report is likely to show inflationary pressures in the Australian economy have stabilised, ANZ says. And that means the bank is sticking to its view that the RBA is on track to raise rates in May this year. The bank is forecasting a slight pickup in the quarterly rate of growth for headline inflation, while it expects core inflation will remain steady. The headline increase is likely to be driven by higher prices for petrol, domestic travel and tobacco.
Read more...
- Tuesday, 05 December 2017
- News
RBA left interest rates unchanged as expected
The Reserve Bank of Australia held its cash rate at a record low 1.50% on Tuesday as expected. The low level of interest rates is continuing to support the Australian economy. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…