Australia Holds Key Rate as 15th Pause Sees It Drift From Peers
Tuesday, 5 December 2017 11:13 WIB | FISCAL & MONETARY |MoneterRBA

Australia™s central bank kept its benchmark interest rate unchanged and signaled no plans to move in the near term even as developed economies shift toward withdrawing stimulus.

The Reserve Bank of Australia™s board kept the key rate at 1.5 percent for a 15th straight meeting on Tuesday that was also the last one for the year. The decision was expected by economists and markets.

œThe outlook for non-mining business investment has improved further, with the forward-looking indicators being more positive than they have been for some time, Governor Philip Lowe said in a statement following the decision. œOne continuing source of uncertainty is the outlook for household consumption. Household incomes are growing slowly and debt levels are high. He also said the economy likely grew around its œtrend rate over the year to the third quarter.

The Australian dollar edged higher, buying 76.42 US cents at 2:34 pm in Sydney compared with 76.37 cents before the statement.

Lowe has recently made clear he™s in no rush to follow the U.S., Canada and the U.K. in raising borrowing costs just yet, with some of his Asian peersforecast to follow South Korea and hike next year. The RBA™s low rates have lifted business confidence and encouraged firms to hire and invest, but households that loaded up on debt to buy property are struggling with low wage growth to meet repayments and still consume.

Since the board last convened, the Aussie dollar is little changed; third-quarter data showed wage growth remained in the doldrums; another month of strong full-time hiring saw unemployment drop to 5.4 percent, the lowest in more than four years; and iron ore, Australia™s biggest export, has climbed 20 percent from a low in late October.

Meanwhile, the International Monetary Fund last month acknowledged that tepid wage growth meant the RBA may need to extend its rate pause for another 12 months. In contrast, the Organisation for Economic Cooperation and Development urged policy makers to raise rates in the second half of 2018 as the pick up in wages and prices becomes more entrenched.

Lowe himself said two weeks ago that if the economy continues to improve as expected, the next move in rates will be up rather than down. But, he added, continued spare capacity and a subdued inflation outlook meant there isn™t a strong case for a near-term adjustment in policy.

The RBA™s 15 meetings on hold matches its previous record. Money markets see little chance of a rate increase before December 2018 and the median estimate of economists is for tightening to begin in the fourth quarter of next year. The board doesn™t convene in January, so the next meeting will be Feb. 6, 2018.

Source: Bloomberg


SNB Keeps Intervention Threat as Key Interest Rate at Record Low
Thursday, 15 March 2018 15:59 WIB

Bank sentral Swiss mempertahankan suku bunga di titik terendah dan mengulangi ancaman intervensinya, tetap bertahan pada kebijakan yang membantu melemahkan mata uangnya. Swiss National Bank mengatakan franc tetap "bernilai tinggi" terhadap euro pada hari Kamis dan mengatakan bahwa kebijakan saat in...

Draghi Says ECB Policy Shifts Will Be Predictable, Measured
Wednesday, 14 March 2018 16:23 WIB

Mario Draghi mengatakan para pembuat kebijakan Bank Sentral Eropa tidak akan terburu-buru dalam menghapus stimulus di tengah inflasi yang masih rendah dan memperingatkan bahwa kebijakan perdagangan AS dan euro yang lebih kuat dapat mengaburkan prospek tersebut. "Penyesuaian terhadap kebijakan kami ...

ECB leave interest rates unchanged, as expected
Thursday, 8 March 2018 20:11 WIB

Pada pertemuan kebijakan moneter yang diadakan hari ini, Dewan Gubernur European Central Bank (ECB) memutuskan untuk mempertahankan status quo dan tidak mengubah suku bunga acuan utama/pembelian aset. Operasi refinancing utama: 0,00% Suku bunga pada fasilitas pinjaman marjinal: 0,25% Fasilitas ...

RBA Leaves Key Rate at 1.5% as Seen by All 30 Economists
Tuesday, 6 March 2018 10:53 WIB

Reserve Bank of Australia membuat suku bunga tidak berubah pada rekor terendah 1,5% untuk pertemuan ke-17 berturut-turut. Gubernur RBA Philip Lowe mengatakan dalam pernyataannya pada hari Selasa: "Tingkat suku bunga yang rendah terus mendukung ekonomi Australia. Kemajuan lebih lanjut dalam menguran...

BOE's Carney Calls for Regulation to End Cryptocurrency Anarchy
Friday, 2 March 2018 17:24 WIB

Mark Carney meminta adanya peraturan yang lebih kuat untuk mengakhiri era "anarki" kriptourrurrency. "Waktunya telah tiba untuk menahan ekosistem aset kripto dengan standar yang sama seperti sistem keuangan lainnya," Gubernur Bank of England mengatakan dalam sebuah pidato di kantor Bloomberg di Lon...

Gold Drops a 4th Day as Fed Policy Meeting in Focus
Monday, 19 March 2018 12:05 WIB Gold heads for longest stretch of declines in almost a month, with Federal Reserve widely expected to raise interest rates this week and investors focusing on further guidance on pace of tightening. Bullion for immediate delivery -0.2%...


Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.