Reserve Bank of Australia minutes

Xi/Biden, Central Banking Signals, and a Big Line-Up of U.S. Data Releases Today

November 16, 2021

The virtual summit between the Presidents of China and the United States exceeded three hours. The talks were reportedly civil but didn’t yield newsworthy compromises on the key contentious issues. The Fed and Bank of England seem closer to an interest rate lift-off than the European Central Bank or Bank of Japan. Minutes published from […] More

Equities and Dollar Mostly Firmer

May 21, 2019

Share prices in the Pacific Rim rose 1.2% in China, 0.8% in Indonesia, 0.6% in Taiwan, and 0.4% in Australia, but the Japanese Nikkei closed down 0.1%. stocks in Europe have so far risen today by 1.1% in Germany, 0.8% in the E.K. 0.7% in Italy, 0.6% in France, 0.5% in Switzerland, and 0.3% in […] More

Reserve Bank of Australia

November 1, 2016

Australia’s Official Cash Rate was left unchanged at 1.5% at this month’s central bank Board meeting. ¬†A released statement¬†observes a moderate pace of GDP growth of close to its potential trend, a low but partially recovered terms of trade, quite low core inflation around 1.5% that is projected to pick up gradually, mixed labor market […] More

Weaker Yen and Pound

May 21, 2013

A day after suggesting the yen had fallen enough, Japanese Economics Minister Amari retreated, claiming no one really knows how far the yen’s downward correction will go. Sterling fell in response to lower-than-forecast British inflation in April.  The lower inflation drops, the greater becomes the Bank of England’s leeway to stimulate growth if that is […] More

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