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 […]
RBA Speculation Continues after Stevens Speaks in New York Read More »
Falling petrol prices are expected to have kept inflation at record lows at the start of the year, increasing the chance of a Reserve Bank interest rate cut. The consumer price index is forecast to have stayed at a 0.2 per cent pace for the second quarter in a row in the March quarter, the
Low Inflation Might Allow for a More Aggressive RBA Read More »
The chance of a Reserve Bank interest rate cut in May has been thrown into doubt after Australia’s unemployment rate unexpectedly plummeted to 6.1 per cent. The fall was driven by a surprisingly strong gain in jobs, taking economists by surprise amid expectations unemployment would have remained steady at 6.3 per cent in March. The
Rate Cut Less Likely after Jobs Data Read More »
The Australian economy added more jobs than expected in March, pushing the unemployment rate lower and easing pressure on the central bank to reduce interest rates further. Australia’s economy added 37,700 jobs in March, above expectations for the addition of 15,000 jobs in a Reuters poll. That consisted of a 31,500 increase in full-time employment
Pressure off RBA as Australian Unemployment Drops to 6.1% Read More »
