RBA Board Minutes – September 2014

From

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, but

continue reading

Investor Signposts: Week Beginning April 10 2011

From

Upcoming economic and financial market events  The big picture One of the sleeper issues at present is population growth. The latest data showed that Australia’s population grew by 1.6 per

continue reading

Biggest fall in jobs in 18 months

From

Labour force Employment fell by 10,100 people in February – the biggest decline in 18 months (since August 2009). Economists had tipped job gains of 20,000 (range from -10,000 to

continue reading

Petrol at 29-month highs and rising

From

Weekly Petrol; Job Ads; Performance of Construction According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 2.9 cents per litre to 139.2

continue reading

RBA: Start of an extended rate pause?

From

Reserve Bank Board meeting The Reserve Bank Board has left the cash rate at 4.75 per cent at its second meeting for 2011. The next meeting is on April 5

continue reading

Employment slows: A case of lies, damned lies and statistics?

From

Labour force Employment rose by just 2,300 people in December, well below forecasts centred on job gains of around 25,000 (range from +10,000 to +40,000 jobs). The November result was

continue reading

Record slowdown in spending as job ads slump

From

Retail trade; Job Advertisements; Weekly Petrol Price Retail spending rose by just 0.3 per cent in November after the 0.8 per cent slide in October. However Nonfood retailing rose by

continue reading

Encouraging pickup in car sales

From

Car sales In December, 86,587 vehicles were sold, down by 2.4 per cent compared with a year ago. In seasonally adjusted terms CommSec estimates that sales rose by 1.5 per

continue reading

RBA highlights pressure on bank funding

From

RBA Board minutes At the last Reserve Bank board meeting members took some time to consider bank funding costs. Members explicitly stated that there was a possibility that banks would

continue reading

More looking, but not all finding work

From

Labour force; Chinese data Employment rose by 29,700 in October, in line with forecasts centred on job gains of around 20,000. Fulltime employment fell by 14.100 and part-time jobs rose

continue reading