The Reserve Bank of Australia (RBA) will also hold its December policy meeting on Tuesday ahead of the release of Q3 GDP numbers the day after. Most analysts expect RBA to leave its interest rate unchanged in light of a strong October jobs report and improved growth in the previous quarter. Shane Oliver, chief economist …
The housing market isn’t crashing, but it is cooling, which could force the Reserve Bank of Australia to cut interest rates again, Citi economists say. Stretched valuations that have fuelled speculation of an impending crash had been driven by under supply in the market, which peaked at 49,000 dwellings in 2013-14, versus the RBA’s estimate …
The Australian dollar jumped back towards one-month highs overnight, shrugging off a new low in iron ore prices after the RBA governor told economists they should “chill out” on the prospects for another rate cut next week. Reserve Bank of Australia’s Glenn Stevens on Tuesday evening told a gathering of business economists that he “happened …
AUD/USD Back Above 0.7250 after Stevens’ Comments 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. Will we see a year end rally on the Australian stock market? It is quite likely. We have seen the ASX200 index for the last few months …
