You can tell Reserve Bank of Australia governor Glenn Stevens is happy with how far the Australian dollar fell in 2015 by his silence. For years a serial user of the “jawbone” technique of talking down the Aussie, Mr Stevens has been conspicuously quiet on the domestic currency for the last four months, despite its …
RBA Seems Content with Australian Dollar, For Now … Read More »
Australia’s central bank said low interest rates are supporting household spending and a weaker exchange rate is aiding local firms, even as it reiterated that a subdued inflation outlook gives scope to ease policy further if needed. “Recent domestic data had generally been positive,” the Reserve Bank of Australia said Tuesday in minutes of its …
RBA Minutes: “still evidence of spare capacity in the economy” 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. Oil prices rebounded slightly after hitting financial crisis lows overnight. Will prices stabilize or do you expect further sell-off? It is not unusual to see periods of …
The Reserve Bank of Australia has left official interest rates unchanged for a seventh straight month, amid fresh evidence the economy is benefiting from a lower dollar. Board members met in Perth on Tuesday and kept the overnight cash rate at 2 per cent, as was anticipated by financial markets and analysts. Governor Glenn Stevens …
AUD/USD Remains Above 0.7250 after RBA Sits Again Read More »
