I appeared on Channel News Asia again this morning for my fortnightly appearance, at 8:20am AEST / 6:20am SGT. My questions and my responses in the form of brief notes are below: Q1. Upbeat technology earnings helped the Nasdaq surpass its 15-year-old record last week. Does this bull market have legs? I am a believer …
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 …
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 …
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 …
