central bank

The Fed: Gradual Policy Tightening In Full Swing The Fed has reaffirmed its commitment to sticking to its plan of “gradual” policy normalisation with two more hikes forecast this year. The economic outlook is good, with the economy on track to grow by around 4% in Q2 2018, boosted by tax cuts with inflation continuing to creep higher. Employmen...

2018-07-05 James Harte Read more
Aussie Unemployment Rate Edges Higher

The Aussie unemployment rate edges higher as it's seen rising to a nine month high in April at 5.6% from data provided by the Australian bureau of statistics last week. The number of people employed beat expectations and grew on an increase in full-time jobs. Overall, 22,600 net jobs were added during the month of April which beat forecasts o...

2018-05-23 John Benjamin Read more
Risks Around Housing And Wage Growth Concern RBA

During one of the quieter weeks of trading so far in 2018, the main news overnight was the release of the RBA’s May meeting minutes. While little was delivered in the way of new information, the minutes confirmed that the risks around housing and wage growth concern the RBA, who is striking a more cautious tone when compared against the last mee...

2018-05-15 James Harte Read more
May RBA SoMP

Reserve Bank Australia May Meeting Review Following the delivery of the May RBA SoMP report on Thursday, following the bank’s May meeting earlier last week which, as expected, saw rates kept unchanged at record lows of 1.5%.The meeting was fairly uneventful with the bank’s accompanying statement mostly unchanged from April, concluding that: ...

2018-05-07 James Harte Read more
Australia consumer prices subdued in Q1

Australia consumer prices subdued in Q1 with core inflation staying below the Reserve Bank of Australia's inflation target. The soft print on inflation increases the expectations that the RBA could see interest rates going nowhere for a considerable amount of time. Data from the Australian Bureau of Statistics showed that consumer prices rose...

2018-05-04 John Benjamin Read more
RBA holds cash rate unchanged

The Reserve Bank of Australia held its monetary policy meeting last week. As widely expected, the central bank did not surprise as it left interest rates unchanged at 1.50% for 18 months in a row. The RBA said in its monetary policy statement that based on the available information, the board judged that keeping monetary policy unchanged at i...

2018-04-13 John Benjamin Read more
RRBA leaves monetary policy unchanged

Summary: RBA leaves interest rates unchanged at 1.50% Central bank expects wage pressures to build over time Unemployment rate expected to fall further leading to higher wage growth RBA expects GDP to grow at a faster pace in 2018 Fourth quarter GDP showed a 0.4% increase, slower than expected Annual GDP growth rate in 2017 w...

2018-04-10 John Benjamin Read more
Reservebankofaustalia

The Reserve Bank of Australia kept the key interest rate unchanged at 1.50% as widely expected. The RBA governor Philip Lowe noted that the low interest rate policy was accommodative to help the Australian economy to grow. The central bank lowered interest rates in May last year bringing it to a historic low of 1.50%. The central bank did ...

2018-01-25 John Benjamin Read more
Australian dollar

The Australian Dollar came under pressure overnight as the RBA kept rates on hold, as widely expected, noting that wage growth and retails sales remain subdued as does inflation, which continues to be weaker than expected. Governor Lowe said that “In underlying terms, inflations is likely to remain low for some time, reflecting the slow growth i...

2018-01-25 James Harte Read more