NZ dollar barely budges ahead of RBA policy review

GBP to AUD daily

"A number of factors are contributing to the RBA board's decision to hold the official cash rate for such a sustained period", Mortgage Choice Franchisee, Scott Partridge said. This could suggest the RBA sees inflation pressures remaining benign right the way through 2019.

GBP/AUD Forecast: Political Developments and UK Data in Focus While some Australian ecostats in the coming days could prove influential, developments regarding the Brexit process and USA trade protectionism are more likely to influence the Pound to Australian Dollar exchange rate.

Trade tensions between the United States and China have weighed on currency markets for several months. "But with a complex set of risks in each country, there's likely to be something for everyone", ANZ Bank New Zealand chief economist Sharon Zollner and senior macro strategist Philip Borkin said in a note. It "suggested that interest rates won't rise for a while yet. The labour market is gradually tightening and it is reasonable to expect that this will lead to a lift in both wages growth and inflation", Lowe says.

The Governor said in his statement that the bank's central forecast for the Australian economy remained unchanged with GDP growth is expected to average a bit above 3% in 2018 and 2019.

"The most recent Quarterly Business Survey from the National Australia Bank found that favourable business conditions continue and point to business investment growth".

Lowe and the RBA team upgraded their forecast for unemployment Tuesday, with the unemployment rate now expected to fall as low as 5% during the next two years, down from the previous projection of around 5.5%.

"But the peak in the housing construction cycle, uncertainty about the outlook for consumer spending, the weakening Sydney and Melbourne property markets, low inflation and wages growth and tight bank lending standards all argue against a rate hike". Household income has been growing slowly and debt levels are high.

Baker Mayfield’s First NFL Preseason Game Is Over
Yes, he employed his feet well to buy time to throw and used his legs to scramble for a first down. In addition to his rushes, Mayfield completed two passes of more than 20 yards on the drive.

'The central forecast is for inflation to be higher in 2019 and 2020 than it is now'.

The Australian dollar rose to an intraday high of 0.7420 after the statement. This is largely due to reduced demand by investors as the dynamics of the housing market have changed.

Australia's most powerful banker has credited high immigration with boosting the economy.

The low level of interest rates is continuing to support the Australian economy, RBA noted. Telstra shares suffered yesterday and played a big part in constraining the market, but it was the materials space that can take the lion's share of responsibility for the ASX's declines, falling 1 per cent amid selling pressure in commodities markets.

A further gradual decline in the unemployment rate is expected over the next couple of years to around 5 per cent. Wages growth remains low.

The RBA maintains its next move is more likely to be up than down; Lowe, since taking the helm in September 2016, has consistently said that an increase will only come once the economy is near full employment and inflation closer to the central bank's 2-3 percent target midpoint.

Related News:



Most liked

EU May Get Tough on Apple, Other Companies With Non-Standard Mobile Chargers
Moreover, it's upcoming iPhones, which are expected to come by September, are also predicted to come with the ongoing charging port.

Rio Ferdinand predicts where Man United, Liverpool FC will finish
However, there was no indication that it was a deliberate tactic on his part or that he was being economical with the truth. The way in which United are being talked about this pre-season, it's as if they've got a load of bums playing for them.

NASCAR chief Brian France takes ‘indefinite leave’ after DUI & drug arrest
But as viewership has declined, sponsors have pulled out of NASCAR and Brian France has not made himself available to the public. Brian France's leadership style could not be more different from that of his late father; he's distant and appears disconnected.

Malcolm Jenkins Resumes Protest By Raising Fist During National Anthem
Kaepernick applauded the Dolphins players shortly after the display for their protest of "systemic oppression". WTVJ Miami reported that Dolphins defensive end Robert Quinn raised his fist during the song.

Abby Huntsman Exits ‘Fox & Friends’ Franchise To Join ‘The View’
Huntsman is the daughter of Ambassador to Russia Jon Huntsman and has hosted "Fox & Friends Weekend" since 2016. The long-running daytime talk show features discussions on current events, entertainment, politics, and more .

We Do Not Shadow Ban for Political Views — Twitter CEO
The Infowars app functions much differently than the podcasts, potentially explaining the differences in enforcement. Apple, despite removing most of Jones' podcasts from its directory, has left Jones's content on their app store .

Beef Between Cam Newton And Kelvin Benjamin Seems to Have Escalated
When Benjamin left Newton hanging, Newton asked for privacy and had an apparent argument with his former teammate. When Benjamin said Newton was an inaccurate passer last week, the quarterback didn't seem bothered by it .

Sony’s Marvel Universe Updates: Silver and Black Splitting into Two & More
While many have commonly referred to Sony's planned universe as the "Spider-Verse", it turns out the studio has a different name for it.

Perseid meteor shower to peak over Canada this weekend
Although the shower peaks on August 12, you'll be able to see a good deal of shooting stars all weekend and into Monday. Unfortunately, there's always the chance that bad weather like fog or rain will create unfavorable viewing conditions.

Everton Complete Triple Deal For Bernard, Mina, and Andre Gomes
Barcelona can buy the centre-half back for around £30m if he does well at Goodison but, for now, he is an Everton player.

In Recordings, Nunes Says Rosenstein Impeachment Would Delay Kavanaugh Confirmation
That means it would derail or largely delay a big part of our agenda ... and it would clearly dramatically delay the confirmation of Brett Kavanaugh to go to the Supreme Court", he said.

Emulation site EmuParadise will no longer provide its library of ROMs
If you've been alive for more than a couple of decades, you've probably played a few "retro" games in your lifetime. Thus, we have chose to make a new start.

European Tour pays wrong Tommy Fleetwood £120,000 Open winnings
But there's actually another golfer named Tommy Fleetwood, this one a caddy in Florida who once tried to make the Senior Tour. It would take me over five years to earn that, and that's if I was the best at my job, never mind joint 12th- rubbish Tommy.

Lindsay Lohan: Women speaking out about #MeToo experiences 'look weak'
Lindsay Lohan isn't letting the backlash from her recent comments on the #MeToo movement keep her from doing her thing in Greece. She also called on Weinstein's then-wife Georgina Chapman to "stand and be there for her husband".

Woman accused of child abuse in Farmington ordered prison uniforms for children
As it is an ongoing investigation, the couple could face additional charges if more incriminating evidence emerges. Jennifer Ladage, a SLUCare pediatrician at SSM Health Cardinal Glennon Children's Hospital.