RBA Governor says growth could be higher. It’s not just about interest rates

From

RBA Governor’s Testimony – August 2014 The Governor’s opening statement forecast that growth of 2‑3%pa is the most likely outcome for 2014/15 and inflation to remain consistent with the 2% to 3% target. Economic growth could be higher but there are significant forces restraining activity. There are signs of a pick‑up in non‑mining investment but

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CBA Economics: RBA maintains stable cash rate outlook.

From

RBA Board Minutes – August 2014 The RBA maintained its guidance that “the most prudent course was likely to be a period of stability in rates”. The tone was in line with previous Board minutes, highlighting the “significant degree of uncertainty” about the growth outlook. Trading partner GDP growth was expected to be slightly above

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Perspective: The week ahead

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The ECB cut rates and introduced aggressive expansionary measures to lift EZ growth. The US payrolls data tonight will likely set the tone for markets next week. The US and EU have light data schedules which are loaded toward the end of next week. Australia’s QI GDP rose by 1.1% and 3.5%pa driven by strong

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2014/15 Budget Preview

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The Commission of Audit set out the fiscal parameters. The Government’s initial response will come on Budget night. The Budget will be “tough” – but measures may be back‑end loaded. The Budget should help underpin Australia’s AAA/Aaa rating. The Commonwealth Budget will be handed down on 13 May.  The precise details will have to wait

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The Week Ahead, 17 February, 2014

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Events in the Crimea are expected to keep driving volatility across financial markets in the coming week The mid‑week US FOMC meeting, chaired by Janet Yellen, is likely to announce continued “tapering” and possibly change its forward guidance methodology. The US and EU data calendars are much busier with CPI and industrial output updates. Australia’s

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