The RBA has met again this month and unsurprisingly has left the official cash rate at 1.5% p.a. Recent data from the US have shown payroll numbers surprising to the upside. Combined with Trump’s corporate tax cuts, the expectation of higher inflation has resulted in increased yields on US bonds and a sell-off in [...]
The Reserve Bank Of Australia (RBA) has met again today and — once again! — has left official interest rates on hold at 1.5% p.a. As we have said for most of 2017, official rates are unlikely to move in a hurry, as the world suffers from sluggish inflation and high asset prices in a [...]
It should come as no surprise that the RBA has again decided at today’s board meeting to leave the cash rate unchanged at 1.5%. I feel a bit like a broken record, as for the last few months we have been saying that the economic environment we find ourselves in is more heavily weighted to the downside, not [...]
As we have been saying for some time now, we don't expect the RBA to move on the official cash rate in the near term, based on the current economic conditions. So it should come as no surprise to any of our followers that at its meeting today, the RBA decided to leave the [...]
Unsurprisingly, the Board of the RBA has decided to leave the cash rate unchanged at 1.50%. As we have said since late last year, we don’t expect conditions in Australia, or globally, to push the RBA off the fence anytime soon. Unfortunately, in Australia, rising property prices in Sydney and Melbourne, fueled in large part [...]
Well, it looks like for once we are in the majority. The RBA has held its first meeting for 2017. As we accurately forecasted — as well as 100% of the economists from the website finder.com.au’s RBA survey (32/32) and 85.94% of the 300 brokers surveyed by online mortgage platform HashChing — the RBA [...]
