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
Live TV Appearance on Channel News Asia Read More »
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 »
