Topic: Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is Australia's central bank. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.

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Unemployment up as budget returns to balance

Australia’s unemployment rate edged up to 5.3 per cent in August, prompting markets to revise their views on the likelihood of an RBA rate cut at the upcoming 1 October meeting.

Still not feeling it: Rate cuts, tax offsets yet to improve business, consumer sentiment

More signs of recovery in the Australian housing market this week. But business and consumer sentiment both sank again, suggesting the monetary and fiscal stimulus we’ve seen to date is getting only l...

Global uncertainty up, Australian growth down

Lots of activity on the home front this week. Australia recorded its first current account surplus in 44 years while GDP growth fell to its slowest pace since 2009. The RBA left rates unchanged. House...

Spiralling or negotiating? Trade wars, Brexit and global economic uncertainty

Another relatively quiet data week on the Australian front, with second quarter readings on construction work done (down quite sharply) and private capital expenditure (also down but accompanied by a ...

The Dismal Science - Episode 22 - Oh, inverted world

Mark and Ivan discuss the inverted yield curve and the AICD's number of the week.

A slow data week . . . but a surfeit of ‘news’

In a quiet week for Australian data the minutes from the RBA’s 6 August meeting show a central bank waiting for additional evidence before delivering further policy adjustments, but also one that is p...

Mixed labour market messages: strong jobs growth but flat unemployment and sluggish wages

Business conditions remained subdued in July while August saw a bounce in consumer sentiment. Despite a pickup in the public sector, overall wage growth is still struggling to gain momentum. A sizeab...

Currency wars join trade and technology wars

As widely anticipated, the RBA left the cash rate unchanged at its 6 August meeting even as the government ten-year bond yield fell below one per cent for the first time. Australia recorded (yet anot...

Stuck in lowflation

Australia is still stuck in lowflation. Dwelling approvals continue to fall indicating ongoing weakness for construction although there was more positive news for the housing sector with the first mon...

Sluggish: A subdued outlook for the global economy

The RBA Governor is happy with Australia’s inflation targeting regime as is and stands ready to deliver more monetary easing if required. Updated IMF forecasts depict a subdued world economy with glob...
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