Central Banking Series

RBA monetary policy: Assessing future bias

Dec 06, 2016 07:54 am UTC| Commentary Economy

Reserve Bank of Australia (RBA) chose to keep the interest rate steady at 1.5 percent. Lets look at the details of policy announcement to assess the bias of RBA. Key highlights: RBA notes that global economy is...

Australia current account deficit narrows in Q3, underpinned by strong pickup in export prices

Dec 06, 2016 06:54 am UTC| Commentary Economy

Australias current account deficit narrowed sharply in Q3, underpinned by a strong pickup in export prices and an improvement in the net income deficit. Net exports subtracted 0.2ppts from GDP growth. With commodity prices...

US Election Series

Neoliberalism's failure means we need a new narrative to guide global economy

Dec 06, 2016 06:52 am UTC| Insights & Views Economy

Neoliberalism, the dominant narrative guiding Western democracies and their economies for almost 70 years, is crumbling all around us. It was set up to protect our freedoms. But neoliberalisms excesses and failures ...

FxWirePro: The Day Ahead- 6th December, 2016

Dec 06, 2016 06:50 am UTC| Commentary Economy Central Banks

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Japan: Labor cash earnings rose by 0.1 percent y/y in October. United Kingdom:...

Central Banking Series

RBA leaves policy rate on hold, likely to maintain neutral stance through H1 2017

Dec 06, 2016 05:48 am UTC| Commentary Economy Central Banks

The Reserve Bank of Australia left its key policy rate unchanged for the fourth month in a row at the monetary policy meeting held Tuesday, following persistently low rates of inflation, which is likely to lead to further...

Australia consumer confidence jumps to highest in 10 weeks on financial optimism of households

Dec 06, 2016 05:19 am UTC| Commentary Economy

Consumer confidence in Australia jumped to its highest level in 10 weeks, during the week ended December 3, following improved household optimism over their future finances. Australias ANZ-Roy Morgan consumer confidence...

U.S. non-manufacturing PMI surges in November, services sector witness highest growth in a year

Dec 06, 2016 04:33 am UTC| Commentary Economy

The non-manufacturing sector of the United States surged during the month of November, while the services equivalent witnessed thehighest rise in over a year, with the former largely beating market expectations. The ISM...