RBA seems to have strengthened easing bias, but keeps cash rate unchanged
Mar 01, 2016 05:54 am UTC| Commentary Central Banks
The Reserve Bank of Australia has decided to keep the cash rate unchanged at 2%, on par with expectations. The central bank had expressed its easing bias in its recent statements saying persistent low inflation may give...
Guide to today’s important data and events
Mar 01, 2016 05:29 am UTC| Commentary
Lot of economic dockets scheduled for today and some with high risks associated Data released so far Australia - Building permits dropped -7.5% in January, down -15.5% from a year ago. Current account balance...
Australia’s Q4 terms of trade decline sharply, Q4 GDP growth forecast revised down
Mar 01, 2016 05:22 am UTC| Commentary
Australias net exports for Q4 remained flat after it contributed 1.6 percentage points to the GDP in Q3. Net exports are trending higher, but with volatility quarter to quarter. The Q4 net exports data was weaker than...
Asian markets trading on a mix note, Gold rallies
Mar 01, 2016 03:10 am UTC| Commentary
Asian markets are trading on a mix note on Tuesday morning. In addition key indicators from China and Australia released in early Asian hours. The official China manufacturing Purchasing Managers Index slipped from 49.4 in...
Poor inflation data intensifies pressure on the ECB
Feb 29, 2016 16:38 pm UTC| Commentary Central Banks
Data released earlier today showed euro area headline inflation fell back in February to a one-year low of -0.2% y/y, while core inflation slowed to 0.7% from 1.0%. Februarys drop in euro-zone CPI inflation back into...
Net exports likely to have contributed positively to Australia's GDP growth
Feb 29, 2016 15:50 pm UTC| Commentary
Australias foreign trade data as of now indicate a substantial widening of the trade deficit in Q4 to AUD9.5bn from 7.5bn in Q3. Nevertheless, despite the wider deficit, net exports are expected to have again contributed...
Potential credit problem in UK could see some macroprudential controls from BoE FPC
Feb 29, 2016 15:44 pm UTC| Commentary Central Banks
Consumer credit in UK is growing at over 9% 3mth pa, a pace not seen since 2005 and notably faster than the pace immediately before the financial crisis broke. Mortgage borrowing, the much larger component of household...
Electricity from farm waste: how biogas could help Malawians with no power
What the Supreme Court is doing right in considering Trump’s immunity case
US election: why it’s not the protesters’ votes that the Democrats should worry about
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects