RBA
Will RBA’s Stevens cut rates as a parting gift?

Economists divided on RBA’s policy decision this week Forecasts point to a 25bps rate cut, expected to bring down interest rate from 1.50% to 1.25% Latest quarterly inflation data shows a QoQ increase of 0.40% or an annualized inflation rate of 1.0% RBA’s inflation target is at 1 – 2% as of May 2016’s Statement on Monetary Policy ...

2016-08-01 John Benjamin Read more
RBA
AUD poised for more upside to 0.78 – 0.79

The Australian Dollar continues its uptrend despite the risks of verbal interventions from the RBA. Earlier today, RBA Governor Glenn Stevens spoke at an ASIC event in Sydney. The Australian dollar was trading cautiously as investors were prepared for any dovish comments from the RBA's Governor. However, Mr. Stevens sounded optimistic on the eco...

2016-03-22 John Benjamin Read more