rba australia

The RBA kept rates on hold overnight, as was widely expected in the wake of banks such as Westpac and Suncorp deciding to independently raise their mortgage rates and economic data continuing to highlight weakness in the domestic economy. Heading into the meeting, the pricing of a rate hike was virtually zero and indeed, pricing for an eventual ...

2018-09-04 James Harte Read more
forex week ahead

Economic data for the week ahead take a backseat with no major releases scheduled. Against this backdrop, investors are likely to remain cautious with the ongoing uncertainty regarding the U.S. sanctions, trade tariffs, and President Trump's tweets. The economic calendar for the week ahead covers the RBA's monetary policy meeting minutes. Lat...

2018-08-20 John Benjamin Read more
Australia unemployment rate falls

Summary: Australia unemployment rate falls to 5.5% in January 2018 Australian economy adds 16,000 jobs during the month A decline in full-time jobs that was offset by an increase in part-time jobs Wage growth continues to remain weak The Australian labour market conditions showed signs of strengthening in the New Year as the eco...

2018-03-23 John Benjamin Read more
Australia_RBA_2604

The Reserve Bank of Australia released its quarterly monetary policy statement earlier today. According to the report, the central bank slightly lowered its growth forecasts for 2017 and 2018. The Australian economy is now expected to rise 2% - 3% for the mentioned periods. This was slightly lower than the May forecasts which saw the central ba...

2017-08-06 John Benjamin Read more