Australia left interest rates unchanged Tuesday after the local dollar recorded the biggest drop among major currencies last quarter, cushioning the impact of lower commodity prices and a weaker outlook in key trading partner China. Reserve Bank of Australia Governor Glenn Stevens and his board kept the cash rate at a record-low 2 percent, as […]
AUD/USD Jumps Above 0.71 as RBA Sits Read More »
I appeared on Channel News Asia again this morning at 6:20am SGT, via Skype. My questions and my responses in the form of brief notes are below: Q1. Global stocks rallied after last week’s disappointing US jobs report. Are we back with ‘bad news is good news’ for equity markets? The main theme here is
Live TV Appearance on Channel News Asia Read More »
The Reserve Bank of Australia is being urged by a group of prominent monetary policy experts to shun growing calls for another official interest rate cut. With fresh evidence emerging that the jobs market is gaining strength, the experts have warned that cutting the official cash rate below 2 per cent would be unlikely to
RBA Urged to Sit Still on Rates Read More »
The IMF has called on the government to cut company tax, end bracket creep and boost infrastructure spending to help insulate the economy against the biggest slump in the terms of trade in 150 years and the prospect of a further economic deterioration in China. As the nation’s policy heavyweights gather in Canberra at the
IMF: Australia Needs More Tax and Lower Interest Rates Read More »
