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Showing 11 - 20 of 27 results for "May Board"

Chief economist update: RBA not cruising for a bruising

BENJAMIN ONG  |  THURSDAY, 21 JUN 2018
... many of his recent speeches, the statement was even inked in black and white in the minutes of the RBA's April and May Board meetings but come June, it was no more. Could it be that the RBA has read about Financial Standard's piece " A prelude ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 16 JUN 2016
... 103.18 (in response to the Reserve Bank of Australia's 25 basis point interest rate reduction announced after its 3 May Board meeting). According to Westpac chief economist, the dip in confidence is "a fairly common pattern following an interest rate-driven ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 8 JUN 2016
... the RBI from reducing interest rates some more. The RBI kept its benchmark repo rate unchanged at 6.5% following its 7 May Board meeting, noting that the, "...inflation surprise in the April reading makes the future trajectory of inflation somewhat more ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 13 MAY 2016
... have cut interest rates soon enough. Recall that the RBA cut interest rates by 25 basis points to 1.75% after its 3 May Board meeting following "information showing inflationary pressures are lower than expected". To be sure, March quarter CPI inflation ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 6 MAY 2016
Australia retail sales ABS data released yesterday gave meat to the RBA's statement after its 3 May Board meeting that, "In Australia, the available information suggests that the economy is continuing to rebalance following the mining investment boom" ...

Down, down prices are down

BENJAMIN ONG  |  THURSDAY, 28 APR 2016
... yesterday's CPI report increased the probability that the RBA would cut the official cash rate (currently at 2.0%) at its 3 May Board meeting from 14% to 50%. Sharp price drops in automotive fuel (down 10.0%) and fruit (down 11.1%) accounted for much ...

RBA minutes lift stock market

AAP  |  TUESDAY, 19 MAY 2015
... analyst Ben Le Brun said the local bourse had swung upwards soon after the release on the minutes of the Reserve Bank's May board meeting at 1130 AEST on Tuesday. "Those RBA minutes have struck a chord this morning and got us off the canvas," Mr Le Brun ...

Market Wrap AM

AAP  |  TUESDAY, 19 MAY 2015
... price index futures contract was up 22 points at 5,687. Locally on Tuesday, the Reserve Bank releases minutes of its May board meeting, and the ANZ-Roy Morgan weekly consumer confidence survey is due out. In Australia, the market on Monday closed more ...

May cut, may not

BENJAMIN ONG  |  MONDAY, 4 MAY 2015
... Bank of Australia (RBA) would take down the official cash rate from a record low 2.25% to a lower 2.0% following its May Board meeting tomorrow heats up. Bloomberg's latest survey says... 24 out of 28 economists predict that we'll see a rate cut, hear ...

Market Wrap AM

AAP  |  TUESDAY, 20 MAY 2014
... futures contract was up 19 points at 5,436. In local economic news on Tuesday, the minutes of Reserve Bank of Australia's May board meeting will be released, and Treasury Secretary Martin Parkinson delivers his post-federal budget speech to economists ...