RBA Raises Rates to Nine Year High 2.85%

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #45427
    TradersCom
    Keymaster

    Australia’s August Building Approvals were up 28.1% m/m and Private House Approvals were up 4.1% m/m (last 0.8%). September NAB Business Survey rose to 25 from 22 and Business Confidence fell to 5 from 10. October Westpac Consumer Sentiment was down 0.9% m/m (last 3.9%).

    Australia’s Treasurer said that the budget, which will be released on October 25, will not forecast a recession.

    #45443
    Truman
    Participant

    RBA Assistant Gov Ellis:

    Neutral Rate Is a Guide Rail for Policy Not a Destination, Real Neutral Rate Is Uncertain but Should Be Positive, Even If Low, In Australia, That Implies Nominal Neutral Rate Is At Least 2.5

    #45018
    Corporal
    Participant

    The Reserve Bank of Australia raised interest rates for the seventh consecutive time on Tuesday to the highest level since early 2013. The move to rai
    [See the full post at: RBA Raises Rates to Nine Year High 2.85%]

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.