The Reserve Bank board of Reserve Bank of Australia meets next week on November 3. The board is expected to keep rates on hold, states Westpac. The surprise drop in the inflation measure is not unique and, in the past, t…
The Reserve Bank board of Reserve Bank of Australia meets next week on November 3. The board is expected to keep rates on hold, states Westpac. The surprise drop in the inflation measure is not unique and, in the past, the Bank has looked through a one off number.
The motivation for cutting next week would be a significant downward revision to the growth outlook. The data flow and the RBA's recent commentary does not point to such an event. Consequently the bank rates are expected to stay around the current record lows, said Westpac in a research note on Wednesday.
The drop in core inflation was known at both the November and December meetings but it was the surprise slump in growth that was recorded in the September quarter GDP report that printed the day after the December board meeting that prompted the rate cut.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
