RBA: keep calm and carry on

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As was universally anticipated, the Reserve Bank of Australia (RBA) Board left the policy rate unchanged at yesterday’s meeting. The Governor and the Board sought to strike a balanced tone

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Australia: viva el experimento

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In a surprise to some (including this writer) the June quarter consumer price index (CPI) report didn’t reveal an excessive enough burst of inflation to elicit a further policy rate

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Australian central bank could raise rates in August, US tech rally to benefit Asian markets

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Interest rates could rise in the months ahead in Australia, inflation proving especially intractable in Australia, while US technology stocks are likely to continue rallying which could underpin growth in

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RBA: June Labour Force data could be pivotal

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Yesterday’s June labour force is potentially pivotal in deciding which way the Reserve Bank of Australia (RBA) Board jumps at its meeting on 5-6 August. At this stage my best

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RBA: tilting to tightening

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I’m not sure that there was a lot of information in the Reserve Bank of Australia (RBA) June minutes released on Tuesday. The minutes are best viewed as the reasoning

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RBA: to fight inflation, apply resuscitation or remain in suspended animation?

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The Reserve Bank of Australia (RBA) Board will almost certainly leave the policy rate unchanged when it meets next week. There is also little prospect of a change in messaging

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US CPI and the Fed: Let’s get this party started…almost

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Former US Federal Reserve (the Fed) Governor, William McChesney Martin, once described the role of the Fed as akin to “to taking away the punch bowl just as the party

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RBA in limbo land; the Bank of Canada cuts because it can; the ECB has a similar plan; where does the Fed stand

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RBA At the margin yesterday’s March quarter GDP release supports the Reserve Bank of Australia’s (RBA) “wait and see” approach to any adjustment in the policy rate. The report confirmed

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Monthly CPI indicator and RBA implications

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“Give me a one-handed Economist. All my economists say ‘on the one hand…’, then ‘but on the other…” – Harry Truman (US President 1945-53) Australia: Inflation Trepidation The April Monthly

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RBA: patience through the “noise” or waiting for Godot I

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No real surprises from the Reserve Bank of Australia (RBA) May Board meeting minutes. Governor Michele Bullock had already let it be known that the Board debate was one of

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