Australia’s AAA Rating Appears Safe Despite Iron-Ore Decline

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Iron-ore’s plunge has put Western Australia state’s credit rating under pressure, but that’s not likely to imperil Australia’s AAA rating just yet, analysts said. “Undoubtedly, Australia’s fiscal position has weakened over the past year, and the May Budget will almost certainly reveal upward revisions to forecast budget deficits, and consequently government debt,” analysts at ANZ …

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RBA Minutes Indicate a Patient Central Bank

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The Minutes of the previous central bank board monthly monetary policy meeting were released today.  In the minutes the RBA indicated that it was prepared to be patient and examine more economic data, including inflation figures due on Wednesday, before deciding to cut the cash rate again.  The minutes of the meeting held on 7th …

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RBA Speculation Continues after Stevens Speaks in New York

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Speculation continues over not what the RBA’s next move will be, but rather when it will be.  The vast majority (if not everyone) are expecting at least one more cut this year with the only doubts surrounding the timing.   RBA Governor Stevens spoke in New York overnight to the American Australian Association. He specifically addressed …

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