Reserve Bank of Australia minutes
Some Surprises But Not All in Same Direction
April 18, 2023
Chinese data reported this Tuesday exceeded expectations, but officials cautioned that solid recovery isn’t yet firmly entrenched. Real GDP last quarter rose 2.2% on quarter, and the prior quarter’s change was revised to an increase of 0.6% from the earlier estimated zero percent quarterly growth rate. Year-on-year growth of 4.5% in 1Q was up from […] More
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
