RBA forecasts

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.… Read More

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… Read More

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… Read More

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… Read More