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Australia News Today: Export Gloom, Inflation, Wine Tariffs: Good morning everyone, it’s Ben here on a cool Canberra morning. Here’s what’s making news today ...
bloomberg.com/news/newsletters/2024-03-27/australia-news-today-export-gloom-inflation-wine-tariffs
Australian Households Riding Out Pain of Soaring Rates, RBA Says: Australia’s highly-indebted households appear well-placed to continue riding out the pain of ...
wsj.com/economy/central-banking/australian-households-riding-out-pain-of-soaring-rates-rba-says-241d053f
RBA leaves door open to interest rate cuts and rises as unemployment risks rise: The RBA appears to have learnt from past mistakes by opening up its interest ...
abc.net.au/news/2024-03-20/rba-leaves-door-open-to-interest-rate-cuts-and-rises/103608322
Quick Glance: RBA's Stance on Interest Rates Amid Rising Unemployment Risks
- The Reserve Bank considers both interest rate cuts and rises as unemployment risks increase.
- Contrary to expectations, the US Federal Reserve is not likely to cut rates, shifting focus to Australian rate cuts.
- Economic performance and job data are crucial factors influencing future monetary policy decisions.
- Investors and policymakers are adjusting strategies in anticipation of potential rate cuts and economic slowdown.
Australia News Today: RBA Set to Hold, Australia's Climate Goal, Cyclone Megan
bloomberg.com/news/newsletters/2024-03-17/australia-news-today-rba-set-to-hold-australia-s-climate-goal-cyclone-megan
Take Five: And so the cycle turns: Inflation signals from the United States, Australia and Japan should be in focus in the coming days following a deluge of ...
reuters.com/business/take-five/global-markets-themes-takealook-2024-03-22/
Australia's RBA Reform Bill Hits Impasse Amid Political Dispute Over Boards: Australia’s Labor government and opposition coalition are at an impasse over ...
bloomberg.com/news/articles/2024-03-11/rba-reform-bill-hits-impasse-amid-political-dispute-over-boards
RBA keeps interest rates on hold at 4.35 per cent: The Reserve Bank has left interest rates on hold amid signs that growth in the economy has dramatically slowed ...
abc.net.au/news/2024-03-19/rba-keeps-interest-rates-on-hold-at-4-35-per-cent/103603962
Reserve Bank holds interest rates steady: The Reserve Bank has kept the cash rate at 4.35 per cent as inflation continues to ease and economic growth all but ...
theage.com.au/politics/federal/reserve-bank-holds-interest-rates-steady-20240319-p5fdgl.html
RBA Keeps Rates Steady, Says All Policy Options Remain on the Table: The Reserve Bank of Australia said it still can’t rule out the possibility that interest ...
wsj.com/economy/central-banking/rba-keeps-rates-steady-says-all-policy-options-remain-on-the-table-f7d6a918
RBA makes latest decision on interest rates: BREAKING
news.com.au/finance/economy/interest-rates/reserve-bank-to-make-big-interest-rates-call/news-story/104c4707a6e728220bd37f5d14df4a57
US industrialization will be top investment theme of next decade: RBA: RBA says energy and utility infrastructure, transportation, and real estate are top ...
markets.businessinsider.com/news/stocks/stock-market-oulook-industrialization-top-investment-theme-energy-infrastructure-manufacturing-2024-3
Glynn’s Take: RBA’s Stubborn Refusal to Provide Rates Guidance Pays off: The Reserve Bank of Australia’s policy of offering up little that resembles meaningful ...
on.wsj.com/3x3WJcp
Stacking with ‘his mates’: Coalition attacks Chalmers on RBA reform: The Coalition has accused Jim Chalmers of trying to stack a part of the Reserve Bank that ...
smh.com.au/politics/federal/stacking-with-his-mates-coalition-attacks-chalmers-on-rba-reform-20240320-p5fdxj.html
Australia’s Treasurer Still Confident on Passing RBA Reform Bill: Australian Treasurer Jim Chalmers expressed confidence on Thursday that he will be able to ...
bloomberg.com/news/articles/2024-03-14/australia-s-treasurer-still-confident-on-passing-rba-reform-bill
Yen holds nerve as BOJ decision looms; dollar resurgent: The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy ...
reuters.com/markets/currencies/yen-holds-nerve-boj-decision-looms-dollar-resurgent-2024-03-19/
Quick Glance: Yen Holds Ground Ahead of BOJ Decision; Dollar Surges
- The yen dwindled near the 150 per dollar level but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over its peers.
- The BOJ takes center stage amid swirling speculation that the dovish central bank could finally end years of ultra-easy policy.
- Expectations are for the RBA to keep rates on hold later on Tuesday, with the resurgent U.S. dollar weighing on the Australian dollar.
- The dollar rose against a basket of currencies after touching a roughly two-week high, and the adjustment of expectations for Fed rate cuts this year has halted the dollar's decline.
Morning Bid: Tech tonic as world awaits BOJ fireworks: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-03-18/
Inflation expected to head in the wrong direction as the prices of services come into view
abc.net.au/news/2024-03-27/david-taylor-analysis/103636442
Australia's RBA to hold rates on March 19, cut later in year - Reuters poll: Australia's central bank will hold its key interest rate at 4.35% for a third ...
reuters.com/markets/rates-bonds/australias-rba-hold-rates-march-19-cut-later-year-2024-03-15/
RBA warns borrowers are in for a tough year. But there’s some relief in sight: The Reserve Bank says one-in-20 borrowers are in negative cash flow ...
smh.com.au/politics/federal/rba-warns-borrowers-are-in-for-a-tough-year-but-there-s-some-relief-in-sight-20240322-p5fef0.html
Shock Exit: Australia Briefing : Good morning from a rather balmy Melbourne, it’s Amy with your Friday edition of Bloomberg’s weekday newsletter ...
bloomberg.com/news/newsletters/2024-03-14/shock-exit-australia-briefing
Australian-owned banks can't explain 'persistently high profits', says Commerce Commission report
newsroom.co.nz/2024/03/21/commerce-commission-delivers-draft-report-on-personal-banking-competition/
Can Australia pull off the once-impossible with jobs and inflation?: Despite the brutal round of interest rate hikes, people are still holding onto their jobs — ...
abc.net.au/news/2024-03-26/immaculate-disinflation-rba-central-banks-unemployment-inflation/103630768
Australia Signals It’s Done Hiking Rates, Sending Currency Lower: Australia’s central bank signaled it’s done tightening monetary policy after leaving interest ...
bloomberg.com/news/articles/2024-03-19/rba-drops-tightening-bias-after-holding-key-interest-rate
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‘So sad’: Beloved restaurant collapses: Tough trading conditions in the hospitality sector have struck again, with the collapse of another popular restaurant.
news.com.au/finance/business/other-industries/really-tough-time-as-beloved-venue-collapses/news-story/625e47913decf71ef82d49608ceeb2b0
Australian Household Spending Gauge Drops as RBA Rate Hikes Bite: Australia’s household spending declined in February, the nation’s largest lender said ...
bloomberg.com/news/articles/2024-03-13/australian-household-spending-gauge-drops-as-rate-hikes-bite
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Reserve Bank tipped to hold interest rate but economists split on when cuts will start
theguardian.com/australia-news/2024/mar/19/rba-interest-rates-expected-hold-cuts
Asian stocks retreat after US shares hit record: markets wrap: Equities in Asia backtracked on Friday after US stocks hit yet another record ...
dailymaverick.co.za/article/2024-03-22-asian-stocks-retreat-after-us-shares-hit-record-markets-wrap/
RBA’s Michele Bullock sticks to narrow path as she plots course to a soft landing
theguardian.com/australia-news/2024/mar/19/rbas-michele-bullock-sticks-to-narrow-path-as-she-plots-course-to-a-soft-landing
Philip Lowe backs RBA’s caution on rate cuts: The former Reserve Bank governor has joined the chorus of voices warning that interest rates may have to stay ...
smh.com.au/business/the-economy/philip-lowe-backs-rba-s-caution-on-rate-cuts-20240312-p5fbsy.html
Now is not the time to do anything more to slow the economy – it’s already in danger of stalling
theguardian.com/business/grogonomics/2024/mar/21/australia-unemployment-rate-february-release-rba-gdp
RBA will decide how long the economy’s slump lasts: When the Reserve Bank stuffs up, it doesn’t pay the price, but the elected government does.
smh.com.au/business/the-economy/rba-will-decide-how-long-the-economy-s-slump-lasts-20240310-p5fb7t.html
Fed Meeting Live Updates: Bank Expected to Keep Interest Rates Steady, Hint at Future Cuts
nytimes.com/live/2024/03/20/business/fed-meeting-interest-rates
Morning Bid: Bank of Japan goes big: A look at the day ahead in European and global markets from Ankur Banerjee
reuters.com/markets/europe/global-markets-view-europe-2024-03-19/
RBA Debate Shows You Can Have too Much Central Bank Independence: An obscure part of a law that gives the government the power to veto monetary decisions is at ...
bloomberg.com/opinion/articles/2024-03-12/rba-debate-shows-you-can-have-too-much-central-bank-independence
Australian-owned banks can't explain 'persistently high profits', says Commerce Commission report
newsroom.co.nz/2024/03/21/commerce-commission-delivers-draft-report-on-personal-banking-competition/
Using super for home deposits would pump up property prices by $75,000, study claims
9news.com.au/national/how-using-super-for-house-deposits-will-increase-property-prices-by-75000-study-claims/ca918bdd-ae47-4343-8339-cfecd0b0e151
What should we make of the new Modern Monetary Theory documentary?: A documentary on Modern Monetary Theory is touring Australia. Gareth Hutchens asks what we ...
abc.net.au/news/2024-03-10/what-should-we-make-of-the-modern-monetary-theory-documentary/103548818
Australia Bank Shares on Track for Best Quarter in Three Years: Australian bank shares are headed for their biggest quarterly gain since 2021 ...
bloomberg.com/news/articles/2024-03-28/bank-shares-in-sydney-on-track-for-best-quarter-in-three-years
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Australia Inflation Steady for Third Straight Month, Supporting RBA Rate Hold: Australian inflation was steady for a third straight month in February ...
bloomberg.com/news/articles/2024-03-27/australia-s-monthly-inflation-holds-steady-at-3-4-in-february
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Australia Consumer Sentiment Drops as RBA Interest Rate Cut Prospects Dim: Australia’s consumer confidence fell in March as households remain concerned about ...
bloomberg.com/news/articles/2024-03-25/australia-s-consumer-sentiment-drops-as-rate-cut-prospects-dim
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Australia Labor Support Falls Risking Majority Despite Albanese Approval Rising: Australia’s center-left Labor government has seen its support fall despite a ...
bloomberg.com/news/articles/2024-03-25/australia-ruling-party-s-support-drops-in-poll-risking-majority
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Australia News Today: Rate-Cutting Trades, RBA Reform Bill, Muzinich's Expansion
bloomberg.com/news/newsletters/2024-03-24/australia-news-today-rate-cutting-trades-rba-reform-bill-muzinich-s-expansion
Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years: Shares were mixed in Asia on Tuesday after the Bank of Japan hiked its ...
japantoday.com/category/business/stock-market-today-asian-shares-are-mixed-after-bank-of-japan-ups-key-rate-for-1st-time-in-17-years
Quick Glance: Fate of BOJ's Stimulus Tools Revealed
- The Bank of Japan ended eight years of negative interest rates and other unorthodox measures to boost growth. Details on changes to the stimulating tools were disclosed.
- The negative interest rate policy was lifted, and the bank now pays a 0.1% interest rate on excess reserves to withdraw money from the economy.
- Yield curve control was dismantled, but the bank will continue to buy bonds and intervene with larger purchases if bond yields rise rapidly.
- The purchase of risky assets like ETFs and REITs was discontinued, and the commitment to maintain massive stimulus was withdrawn to reassure the market.
Stock market LIVE: Sensex up 200 pts, Nifty above 21,850; Auto leads: Stock market live updates on March 20: The BSE Sensex was up 24 points to 72,036 ...
business-standard.com/markets/news/stock-market-live-updates-on-march-20-sensex-nifty-gift-nifty-voda-idea-124032000071_1.html
Markets Report: A look forward to the week ahead: Investors will this week delve into additional indicators shedding light on the inflation trajectory for major ...
euronews.com/business/2024/03/25/markets-report-a-look-at-the-week-ahead
Australian Inquiry Into RBA Reform Bill Splits Along Party Lines: Australian lawmakers were split along party lines over a bill to reform the Reserve Bank ...
bloomberg.com/news/articles/2024-03-22/australian-inquiry-into-rba-reform-bill-splits-along-party-lines
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RBA Overhaul Hits Snag as Opposition Plans to Move Amendment: Australia’s government and the opposition are at loggerheads over the makeup of the Reserve Bank’s ...
bloomberg.com/news/articles/2024-03-20/rba-overhaul-hits-snag-as-opposition-plans-to-move-amendment
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Japanese stocks down, yen steady as markets brace for landmark BOJ shift - Markets - The Jakarta Post
thejakartapost.com/business/2024/03/19/japanese-stocks-down-yen-steady-as-markets-brace-for-landmark-boj-shift.html
Five Things You Need to Know to Start Your Day: Asia: Good morning. The Bank of Japan kicks of a big week for central banks. Goldman Sachs has shifted its Fed ...
bloomberg.com/news/newsletters/2024-03-18/five-things-you-need-to-know-to-start-your-day-asia
Australia's central bank holds rates, waters down tightening bias: Australia's central bank held interest rates steady on Tuesday and watered down its tightening ...
reuters.com/business/finance/australias-central-bank-holds-rates-expected-waters-down-tightening-bias-2024-03-19/
Australia News Today: China Visit, RBA, New Zealand Economy: Good morning, it’s Georgie here in Sydney. Here’s what you need to know this morning.. ...
bloomberg.com/news/newsletters/2024-03-20/australia-news-today-china-visit-rba-new-zealand-economy
Australia News Today: China FM Wang Yi, RBA rates, Qantas clean fuel: Good morning, it’s Jackie here in Sydney. Here’s what’s happening today.. ...
bloomberg.com/news/newsletters/2024-03-19/australia-news-today-china-fm-wang-yi-rba-rates-qantas-clean-fuel
Goldman’s Frydenberg Says Demographics to Hit China’s Economy: Australia has not paid enough attention to deteriorating demographics and property market ...
bloomberg.com/news/articles/2024-03-12/goldman-s-frydenberg-says-demographics-to-hit-china-s-economy
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RBA’s Hunter Says Australia Households Struggling Before Interest Rate Decision: Australian households are “clearly struggling” at present as they confront a ...
bloomberg.com/news/articles/2024-03-11/rba-s-hunter-says-households-are-clearly-struggling-at-moment
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Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say
theguardian.com/business/2024/mar/13/interest-rate-rise-unlikely-after-sluggish-quarter-of-gdp-growth-economists-say
Australia News Today: Apple warning, RBA reforms, China ties: Good morning everyone, it’s Ben here on a clear Canberra morning, here’s what’s making news today ...
bloomberg.com/news/newsletters/2024-03-11/australia-news-today-apple-warning-rba-reforms-china-ties
Aussie (AUD) Short Bets: Fund Managers Downplay RBA Risks: Asset managers are turbocharging bearish wagers on the Australian currency amid views the central bank ...
bloomberg.com/news/articles/2024-03-03/fund-managers-downplay-rba-risks-to-pile-on-aussie-short-bets
New Zealand Keeps Interest Rate on Hold, Says Hiking a Risk With High Inflation: New Zealand’s central bank kept interest rates unchanged and softened its threat ...
bloomberg.com/news/articles/2024-02-28/new-zealand-keeps-cash-rate-on-hold-maintains-threat-of-hike
Australian Government Needs to Help RBA Fight Inflation, Think Tank Says: Australia’s government needs to do more to manage price pressures in the economy and ...
bloomberg.com/news/articles/2024-02-21/rba-s-inflation-battle-needs-more-fiscal-support-committee-says
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Australia News Today: Macquarie Star, Trade Minister, Airline Woes: Good morning, it’s Amy in Melbourne with your Friday newsletter. We’re keeping an eye on ...
bloomberg.com/news/newsletters/2024-02-22/australia-news-today-macquarie-star-trade-minister-airline-woes
Older Australians 'left behind' by increasingly cashless society as banks fast track end of cheques
abc.net.au/news/2024-02-29/cheques-personal-finance-banks-rent-money-cash/103354036
Did the Reserve Bank hit the brakes too hard? Why Australia's economy is heading into reverse
abc.net.au/news/2024-03-05/why-australias-economy-is-heading-into-reverse-gdp-budget/103543036
Reserve Bank overhaul under threat as Liberal warns of treasurer power-grab: It would be the biggest change to the Reserve Bank in a generation ...
smh.com.au/politics/federal/reserve-bank-overhaul-under-threat-as-liberal-warns-of-treasurer-power-grab-20240227-p5f879.html
Greens-Coalition alliance may force Chalmers to keep power to overrule RBA on rates
theguardian.com/australia-news/2024/feb/25/greens-coalition-alliance-may-force-chalmers-to-keep-power-to-overrule-rba-on-rates
Who wants to decide everyone’s interest rates? Job ads for RBA open: Treasurer Jim Chalmers has opened applications for people to sit on the committee that will ...
theage.com.au/politics/federal/who-wants-to-decide-everyone-s-interest-rates-job-ads-for-rba-open-20240301-p5f94s.html
Shrinking inflation gives RBA chance to cut rates mid-year: The leap year might deliver enough extra activity to prevent the economy from contracting through ...
smh.com.au/politics/federal/shrinking-inflation-gives-rba-chance-to-cut-rates-mid-year-20240228-p5f8f2.html
US new home sales rise less than expected in January: Sales of new U.S. single-family homes rose less than expected in January amid a sharp decline in the South ...
reuters.com/world/us/us-new-home-sales-miss-expectations-january-2024-02-26/
Australia's inflation remains at two-year low in January, dampening rate hike expectations
wionews.com/business-economy/australias-inflation-remains-at-two-year-low-in-january-dampening-rate-hike-expectations-694636
Quick Glance: Inflation Drops: Impact on Your Money
- Germany's inflation hits lowest level since June 2021, affecting consumers.
- Rising prices have burdened private consumption and the German economy.
- Experts predict further inflation decrease, yet caution prevails.
- CO2 price hikes and VAT rate changes impact inflation factors, as food prices rise.
No ‘super nerds’ to set rates: Revolt over Reserve Bank reforms: Former treasurer Peter Costello told a Senate inquiry that parliament would surrender its ...
theage.com.au/politics/federal/opposition-to-key-overhaul-of-reserve-bank-power-grows-20240222-p5f6w0.html
SIB gets Retirement Benefits Authority's nod to manage pensions: The newly acquired license authorises SIB to manage pension funds, empowering it to provide ...
standardmedia.co.ke/business/business/article/2001491024/sib-gets-retirement-benefits-authoritys-nod-to-manage-pensions
Home sales and prices rose in January as eager homebuyers returned to the market: Home sales in the US climbed in January, but the rise that came from lower ...
cnn.com/2024/02/22/business/home-sales-prices-rise-january/
The Week Spotlight: ECB rate decision takes centre stage: Euronews Business provides a roundup of what to look out for in the markets this week.
euronews.com/business/2024/03/04/the-week-spotlight-ecb-rate-decision-takes-centre-stage
Australia Treasurer Can’t Rule Out Economy Shrank at End of 2023: Australian Treasurer Jim Chalmers isn’t ruling out the economy contracted in the final three ...
bloomberg.com/news/articles/2024-02-28/australia-treasurer-doesn-t-rule-out-economy-shrank-last-quarter
Australia Inflation Steady in January, Supporting RBA Case to Cut Interest Rates: Australian inflation surprisingly remained steady in January, supporting the ...
bloomberg.com/news/articles/2024-02-28/australia-s-monthly-inflation-rate-steady-at-3-4-in-january
What to do if your fixed-rate mortgage deal is coming to an end: There are options available for homeowners who might have experienced a change in circumstances
walesonline.co.uk/news/homes-property/property-news/what-your-fixed-rate-mortgage-28689021
Mortgage Applications Plunge After Warning Sign About Interest Rates: Mortgage rates rose to more than 7 percent which discouraged buyers from entering the ...
newsweek.com/mortgage-applications-plunge-after-warning-sign-about-interest-rates-1872009
Quick Glance: Housing Market Sees Another Chill
- After a period of warming up at the beginning of 2024, the housing market has experienced another cooling in recent weeks.
- Experts attribute the downturn to a surge in mortgage rates, leading to unattainable home prices when combined with high borrowing costs.
- The interest rate for 30-year fixed mortgages has climbed to 6.9%, rebounding from a gradual decline at the close of last year, according to a report by Freddie Mac.
Australia Now Seen Cutting Rates in Third Quarter, Survey Shows: Australian economists brought forward their forecasts for the start of the Reserve Bank’s easing ...
bloomberg.com/news/articles/2024-02-22/australia-now-seen-cutting-rates-in-third-quarter-survey-shows
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South Korea holds rates steady, talks down early rate cut chance: South Korea's central bank on Thursday joined its peers in the U.S. and Australia in seeking to ...
reuters.com/markets/asia/south-korea-holds-rates-steady-investors-eye-timing-pivot-2024-02-22/
Australia News Today: Wage growth, Rio Tinto, Yang Hengjun: Good morning, it’s Ben here on a clear morning in Sydney. Here’s what’s making news today ...
bloomberg.com/news/newsletters/2024-02-21/australia-news-today-wage-growth-rio-tinto-yang-hengjun
Australia Inflation Steady for Third Straight Month, Supporting RBA Rate Hold: Australian inflation was steady for a third straight month in February ...
bloomberg.com/news/articles/2024-03-27/australia-s-monthly-inflation-holds-steady-at-3-4-in-february
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