The Reserve Bank confronts a dilemma with the latest indicators suggesting economic growth is strengthening while the longer-term outlook remains threatened by falling business investment and commodity prices. The bank’s open scepticism about its ability to forecast the economy with any accuracy might lead it to place greater emphasis on the near-term data. However, the […]
No Easy Task for RBA on Mixed Data Read More »
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
Australia’s AAA Rating Appears Safe Despite Iron-Ore Decline Read More »
Australian CPI (a key measure of inflation) was released earlier today, with the CPI rising 0.2% in the March quarter for an annual rate of 1.3%. This will no doubt leave the door wide open for the RBA to cut interest rates again. The question remains on whether they do so next month or wait
Door Wide Open for RBA after Inflation Data Read More »
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
RBA Minutes Indicate a Patient Central Bank Read More »
