Australia’s central bank kept interest rates steady at a record low 2.0 percent, in line with analysts’ expectations, but the Australian dollar still pushed higher. All 24 economists polled by Reuters expect the RBA to be on hold, but eight respondents say interest rates could be reduced to 1.75 percent or lower by December, if […]
AUD/USD to 0.7650 after RBA Sits at 2% Read More »
Sydney is in the grip of a housing bubble, Australia’s most-senior economic bureaucrat said in one of the strongest warnings yet by a government official. “When you look at the housing price bubble evidence, it’s unequivocally the case in Sydney — unequivocally,” Treasury Secretary John Fraser said in testimony before a parliamentary committee in Canberra
Australia’s Treasury: Sydney ‘Unequivocally’ in a Housing Bubble Read More »
The Health Care and Industrials sectors continue to lead the way in the latest ASX Sector Analysis for the week beginning 1 June 2015. The ASX Sector Analysis is conducted over three time frames – the last 3 months, 6 months and 12 months. If a sector appears above the S&P/ASX 200 index (XJO), then
ASX Sector Analysis – Industrials and Health Care Leading the Way Read More »
The Reserve Bank is unlikely to cut rates further next week as it balances the need to boost economic growth while keeping Sydney and Melbourne house prices under control. Market pricing for a June rate cut has remained at just four per cent this week, despite Thursday’s downbeat capex data which showed business investment slumped
RBA Expected to Keep Rates Steady Next Week Read More »
