Tag Archives: RBA
Australia: The AUD, China, the RBA domestic demand & ABS job vacancies
The ABS’s job vacancies series fell 7.3% over the three months to May to be 19.3% lower over the year.
RBA Board Minutes – June 2013
• RBA maintains a somewhat more muted easing bias, saying low inflation “might” provide scope to cut the cash rate if “required to support demand”.
Australian Markets Weekly
• Housing finance demand consolidated in April • Business and consumer confidence steady
Australia & NZ Economics Weekly – Influences on breakeven inflation
With RBA models showing that 10y breakeven inflation helps anchor underlying inflation, we have looked at he ability of a large range of economic and
FX Daily Strategist: Europe
PMIs cause consternation for USD bulls The big move to position long USD in May was driven in large part by a view that US activity was beginning to decouple in a favourable way from other major and EM economies.
RBA Board Meeting, June 2013 – “Don’t rock the boat baby!”
• The RBA left the cash rate unchanged at 2¾% at the June Board meeting, as widely expected.
FX Daily Strategist: US
No cut from the RBA this week. AUD should be due a rebound. The RBA is expected to remain on hold Tuesday after unexpectedly cutting rates last month.
FX Daily Strategist: Europe
A critical data week for the US dollar The US dollar faces key data this week, beginning with Monday’s ISM manufacturing PMI and culminating with the May employment report on Friday.
Australian Markets Weekly
FX Strategy • The AUD has fallen 8% on a trade-weighted basis since its 12 April high. Roughly speaking, we’d attribute 2/3 of this decline to domestic factors
RBA Credit – April 2013
• Private sector credit rose by 0.3% in April to be 3.1% higher over the year. • Housing credit increased by 0.4% in April following an increase of 0.4% over March. It is up 4.5% over the year.
RBA Board Minutes – May 2013
– The RBA Board minutes essentially sing from the same economic song sheet as the RBA Statement on Monetary Policy (SMP) released on 10 May,
Statement on Monetary Policy – May 2013
– The RBA has cut its inflation forecasts but left the GDP projections unchanged. – The easing bias was not explicitly stated but the risks lie with another rate cut in August following the next inflation update.