RBA
The week ahead (2-6 October)
The US dollar succeeded in stabilizing higher than an important support at the end of the third quarter of 2017, as the dollar index rose from 92.40 after it continued its decline since the end of the first quarter of the year, reaching the lowest level since January 2015 at 90.97.
Lowe: Expansion policy is coming to an end around the world
21 Sep 2017 10:32 AM |Philip Lowe, Governor of the Reserve Bank of Australia, made the following statement:
- High interest rates abroad have no automatic effects on Australia.
- The Aussie's Flexibility gives the Australian Reserve Bank considerable independence on the timing of domestic policy.
ANZ raises its forecast for the Australian dollar
20 Sep 2017 01:26 PM |ANZ expects that Reserve Bank of Australia to join the global monetary tightening cycle by raising interest rates twice in 2018 by 25 basis points in May and the same in the second half of 2018, as the global economy grows stronger and more widely.
Highlights of the RBA's monetary policy meeting minutes
19 Sep 2017 11:15 AM |The following are the highlights of the Reserve Bank of Australia's monetary policy meeting minutes in September:
- There is a need to balance the risk of rising household debt and lower inflation.
- The rise in the Australian dollar was driven by a decline in the US dollar, which could weigh on domestic growth and inflation.
The week ahead (18-22 September)
18 Sep 2017 01:36 PM |The new week will see many important economic data and events that will have an impact on market movements in the coming period, most notably the FOMC meeting, the Bank of Japan meeting, and some central bankers' speech.
Australian inflation expectations weaken in September for the second month
14 Sep 2017 11:27 AM |Inflation expectations among consumers in Australia fell for the second month in a row in September, with the Melbourne Institute index falling to 3.8%, after recording 4.2% last month. This monthly indicator is monitored closely because inflation expectations tend to influence actual price growth.
NAB expects Australian interest rate hike twice in 2018
13 Sep 2017 04:14 PM |The National Australia Bank revised its expectations for the Reserve Bank of Australia's monetary policy and after it had expected a rate cut twice, it now expects the central bank to raise interest rates in August 2018 by 25 basis points, in November 2018 by 25 basis points, as well as a double rate hike in 2019.
Harper: Economic growth isn't strong enough to raise interest rates
13 Sep 2017 10:18 AM |Ian Harper, a member of the Reserve Bank of Australia board, made the following statement:
- Economic growth is not strong enough to raise interest rate.
- Australian dollar gains driven by weakness of the US dollar.
Daily wrap up – 5 September
5 Sep 2017 07:33 PM |Financial markets are still cautiously following the North Korea's most powerful nuclear test at the end of last week amid news of its intention to launch another missile. US stock markets opened lower after closing yesterday to celebrate the Labor Day.
RBA maintains its policy unchanged
5 Sep 2017 11:52 AM |The Reserve Bank of Australia kept its policy unchanged at its last meeting, in line with most market expectations. The MPC members voted in favor of keeping interest rates unchanged at 1.5% historically low since the August 2016 meeting.
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