Principal Global Investors has today released the Central Bank Watch for August 2012 which analyses current and expected interest rate policy at the Reserve Bank of Australia and abroad.
The report discusses the Reserve Bank of Australia’s (RBA) decision to keep the cash rate on hold with the sharp appreciation of the Australian dollar despite weaker terms of trade and as a response to improvements in Europe. It is expected that the RBA will continue to keep cash rates on hold for several months to assess how much traction it has gained with its policy rate cuts.
The research also includes graphs that follow the historical trajectory on a number of key indicators in Australia, US, UK, Europe, Japan and Canada.
To read the entire report, please click here.