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Economic Update

Central Bank Watch – August 2013

13 Aug 2013
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Principal Global Investors released its monthly Central Bank Watch for August 2013.

Principal Global Investors released its monthly Central Bank Watch for August 2013.

Principal Global Investors yesterday released its monthly Central Bank Watch for August 2013.

The report highlights data on business conditions, consumer confidence, job vacancies and retail sales pointing to a weakening economy and discusses the Reserve Bank of Australia’s (RBA) decision to cut the cash rate to a new historic low of 2.5% last week.

Rates are expected to remain low throughout 2014 and the report suggests that the Australian economy could do with additional policy stimulus to address the risks posed by the slowing Chinese economy and the sluggish non-mining recovery.

The report includes the analysis of current monetary policy in the US, England, Europe, Japan and Canada.

To read the full report, click here.

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