rba

The first thing to get out of the way: no one expects a rate change at the upcoming meeting. In fact, no economist expects rates to rise until well into 2022. Even changes in the expectation for when rates rise aren't really expected.…
Read More

Last week’s highlights Australian exports rise by 5.5% in Q4 2020 Export prices in Australia rose by 5.5% on a quarterly basis ending December 2020. The official data from the Australian Bureau of Statistics showed that it beat the…
Read More

The RBA is scheduled to have its last meeting for the year, and won't meet again until February 2nd. Given the relatively long period, the uncertainty around the end of the year, and geopolitical developments in January, the Reserve Bank…
Read More

Tomorrow the Reserve Bank of Australia convenes to decide where they will set the interest rate. They'll also discuss potentially expanding their asset purchase program. The meeting happens in the middle of some significant risk events…
Read More

Through most of the summer, it appeared that the RBA had hit the bottom of their cutting cycle. And it was just a matter of how long the reference rate would stay at 0.25%. The lockdown in the state of Victoria, however, has changed the…
Read More

Last week’s highlights China manufacturing sector continues to rise Manufacturing activity in China showed a strong increase in September after the economy ended lockdown measures a few months ago. This was according to the data from IHS…
Read More

The latest number of new COVID cases detected in the state of Victoria have returned to a fraction of what they were at the peak. However, expectations indicate that lockdowns in the state that contributes most to Australia's economy…
Read More

Last Week’s Highlights New Zealand Retail Sales Fare Better Than Expected The latest retail sales report for the quarter from New Zealand showed that the decline was much lower than expected. Retail sales fell by 15% on the quarter ending…
Read More

Central banks are expected to remain generally on hold for the summer. However, with the recent uptick in coronavirus cases around the world, many analysts are starting to speculate that they might look for ways to increase stimulus.…
Read More

There isn't a significant expectation of a major change in policy after the RBA's meeting, which concludes tomorrow. However, we still should approach the event - especially the policy statement - with a certain amount of caution. A lot…
Read More