New Zealand bonds gain at close despite rise in dairy prices at latest GDT auction

May 17, 2017 06:04 am UTC| Commentary Economy

The New Zealand bonds gained at the time of closing Wednesday despite witnessing a rise in dairy prices at the latest GlobalDairyTrade (GDT) price auction. At the time of closing, the yield on the benchmark 10-year...

Australian 10-year bond yields slump tracking strength in U.S. Treasuries; April employment report in focus

May 17, 2017 04:46 am UTC| Commentary Economy

The Australian government 10-year bond yields slumped Wednesday, tracking strength in U.S. Treasuries. Also, investors now remained focused on the countrys employment report for the month of April, scheduled to be released...

Central Banking Series

Riksbank proposes to scrap CPI as formal target in favour of CPIF

May 16, 2017 22:50 pm UTC| Commentary Economy

On Tuesday, the Swedish central bank, Riksbank, proposed to scrap the CPI as the formal target in favour of the CPIF. Moreover, the central bank also implied that the tolerance bank of plus or minus 1 percentage point...

Australia’s underlying inflation drivers remain largely subdued, says ANZ

May 16, 2017 19:50 pm UTC| Commentary Economy

The ANZ Inflation Risk Index for Australia continues to imply that the nations underlying inflation drivers continue to be greatly subdued. The risk of below-target inflation continues to be high at about 40 percent in...

Two Swedish economists foresaw the backlash against globalisation – here's how to mitigate it

May 16, 2017 16:54 pm UTC| Insights & Views Economy

The first article in our series Globalisation Under Threat looks at work from the 1930s that anticipated the backlash against globalisation. Economists Eli Heckscher (1879-1952) and Bertil Ohlin (1899-1979) died more...

Shifting the tax burden to middle income earners will undermine jobs and growth

May 16, 2017 16:49 pm UTC| Insights & Views Economy

The governments idea of raising the Medicare levy, while also removing the 2% budget deficit levy on incomes above A$180,000, is less transformational and more signature Liberal policy. It shifts the tax burden towards...

South Africa's Reserve Bank is in the eye of a storm. Academics quiz the governor

May 16, 2017 16:39 pm UTC| Insights & Views Economy Central Banks

Central banks everywhere play a critical role in shaping the direction of a countrys economy. The South African Reserve Bank is the central bank of South Africa. Its main mandates are to ensure financial and economic...