The RBA June monetary policy review saw very little in the way of new information and did little to move markets. As expected, the bank kept rates on hold at record lows of 1.5% for the twenty-first consecutive month, marking a fresh record for unchanged policy. Along with the unchanged decision, the bank made hardly any changes to the prior sta...
Inflation To Remain Lower For Longer The release of the RBA’s quarterly Statement on Monetary Policy highlighted the dislocation between the expectations and efforts of the central bank and the movement of the currency. Whilst there was very little to change to the economic outlook, the statement did contain updated quarterly inflation foreca...
The British pound lost another 3.30% over the week, marking the second week of declines. The week before, the pound was down by over 4%. The markets remained mixed with a modest risk on rally. The Kiwi gained 0.72% as a result while the Canadian dollar also managed to keep its gains, following a modestly upbeat GDP numbers for April. The risk on...
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