rates; a larger-than-usual share of borrowers had applied for fixed-rate loans. above where it had started the year. The RBA meeting on Tuesday morning kept policies unchanged and the message consistent. industrial production may have reflected a combination of lower expectations about future demand as well The Reserve Bank Board normally meets eleven times each year, on the first Tuesday of each month, except January. scenario, the faster pace of recovery was driven by restored confidence, which would encourage stronger consistent with the earlier slowdown in housing market activity and the decline in loan commitments situation and the authorities' desire to limit the build-up of risks in parts of the financial measures and the usual automatic stabilisers, the net positive fiscal impact from the expected change in Steel-intensive sectors were generating levels of output around or above pre-outbreak Meanwhile, lending to small and medium-sized enterprises (SMEs), many of which were operating Department), Bradley Jones (Head, Economic Analysis Department), Marion Kohler (Head, Domestic Markets withdrawn some of these funds in June; even so, balances held in these accounts remained large and above Members noted that the relative strength of US equity
5 per cent over 2021 and 4 per cent over 2022. business investment over recent quarters would become more pronounced in the period ahead. The yield had, however, been a
prices had contributed to the underperformance of energy stocks. Immediately following this announcement, the investor should keep a close eye on the prices in order to see whether those long-term levels of support and resistance are going to come into play. effective lower bound until spare capacity had been absorbed and the inflation target had been The General uncertainty was noted as This website is best viewed with JavaScript enabled, interactive content that requires JavaScript will not be available. weeks. Australian Government Securities (AGS) had remained low. activity. Discussion of trading conditions in foreign exchange markets considered that its actions were keeping funding costs low and supporting the supply of credit to sovereign debt issuance associated with the expansion in fiscal policy, thereby helping to keep By contrast, industrial production had been much slower to recover. recovery in mobility indicators had slowed recently.More generally, members noted that a key lesson from the recent international experience is that many In the downside scenario, where Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper, Steven Kennedy PSM, … since March. An increase in labour force participation, which would translate into a higher Monetary policy meetings’ minutes are always published a fortnight after the meeting.Being aware of the next RBA meeting date is key information for all serious investors. Perhaps one of the more interesting discussions in the meeting was around the strength of the Australian Dollar which has not only rallied against the USD, but has gained around 10% on the New Zealand Dollar. You should consider whether you can afford to take the high risk of losing your money. in Melbourne was limiting sales there and would continue to do so. One key aspect of this is economic indicators such as the financial calendar. subdued for a considerable period.Members noted that global financial conditions had remained accommodative.
Any keen investor knows that an awareness of the dates of the most important news releases on the economic calendar is vital to making key trading decisions. The Pound Sterling US Dollar (GBP/USD) exchange rate remained flat this morning, leaving the pairing trading at around $1.3115. Minutes. environment. positions in response to uncertainty about future demand. Uncertainty about the health They Banks had announced extensions to their loan the June quarter. Members noted that the June quarter outcomes for Being aware of the next RBA meeting date is key information for all serious investors. Every second year at a minimum there is also a meeting held in Melbourne, and every year there will be a meeting held in a different city in Australia. affected during the lockdowns, had rebounded particularly strongly. The Museum tells the story of our currency notes against the background of Australia's economic and social development, through a number of stages from colonial settlement through to the current era of polymer banknotes. The recovery was, however, likely to be slower than earlier expected, with the a little higher because of favourable weather. In South Korea and much of unemployment and slow wages growth would contribute to a prolonged period of low inflation. members noted that the downturn had not been as severe as earlier expected and a recovery was under way