Australia Keeps Rates On Hold

GBP to AUD 4 Hour

Financial conditions remain expansionary, although they are gradually becoming less so in some countries.

Equities were collectively higher in both Europe and North America, with the FTSE100 rallying 0.7 per cent, and the Dow Jones leading United States indices to climb 0.5 per cent.

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 U.S. trade protectionism are more likely to influence the Pound to Australian Dollar exchange rate.

"The RBA quite rightly sounded a little less upbeat on the global outlook", said Paul Dales, chief economist for Australia at Capital Economics.

But Lowe remained generally positive and the bank forecast Australia's gross domestic product to average "a bit above" 3 percent growth in 2018 and 2019. "This should see some further reduction in spare capacity".

More news: Painfully awkward midfield talk doesn't help Cam Newton feud

"Three-year fixed rates for investors have increased by 10 basis points and discounted variable rates are up 40 basis points for investment loans", he said. Higher levels of public infrastructure investment are also supporting the economy, as is growth in resource exports. Lowe amended his language on China's economy in the statement, shifting from continuing to grow solidly to saying growth "has slowed a little". The drought has led to hard conditions in parts of the farm sector. Interest rates have now been on hold in Australia for two years. Employment growth continues to be faster than growth in the working-age population. "This is likely to continue for a while yet, although the improvement in the economy should see some lift in wages growth over time". There, the Reserve Bank of Australiadowngraded near-term inflation expectations while simultaneously upgrading more outward looking estimates.

The increase from births has averaged around 0.7 per cent per year.

'The central forecast is for inflation to be higher in 2019 and 2020 than it is now'. This was a deeper drop than the expected minus 0.5% decline and the 2.4% gain in May. 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. This is largely due to reduced demand by investors as the dynamics of the housing market have changed. There has also been a tightening of credit standards by banks.

"The RBA recently raised concerns over the vulnerability of overly indebted households to economic shocks and noted the implications that a significant change to interest rates would have on these households' disposable incomes".

Turning to the short term, Lowe said he expected the unemployment rate to fall to 5% over the next few years, and possibly lower. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.

Related News:

  • Brad Pitt hits back at ex

    Brad Pitt hits back at ex

    Pitt's response said that a status conference that is already scheduled would serve the same objective . Jolie Pitt's attorneys did not immediately reply to an email seeking comment.
    Baker Mayfield leads impressive TD drive in preseason debut

    Baker Mayfield leads impressive TD drive in preseason debut

    After taking over with 1:31 to play in the first quarter, the No. 1 overall pick led the Browns offense into the fourth quarter. Asked if Beckham told him that, Landry said with a smile, "We've had talks, but at the end of the day, I want him to be happy".
    North Korea slams USA  for lacking ‘basic decorum’ in nuke talks

    North Korea slams USA for lacking ‘basic decorum’ in nuke talks

    Secretary of State Mike Pompeo and North Korean Foreign Minster Ri Yong Ho on the sidelines of a regional summit in Singapore. The United States was "attempting to invent a pretext for increased sanctions against the DPRK".
  • Sergej Milinkovic-Savic: 'I'm focused on Lazio'

    Sergej Milinkovic-Savic: 'I'm focused on Lazio'

    He made his Serbia debut in 2017 and represented his nation at this summer's World Cup in Russian Federation . Reports linking United to the Serbian follow claims that Paul Pogba could be on the move this summer.
    Boys rescued from cave, once stateless, get Thai citizenship

    Boys rescued from cave, once stateless, get Thai citizenship

    Somsak Kanakam, chief officer of Mae Sai district in Chiang Rai , said they had "all the qualifications". Three of the schoolboys and their coach rescued from a flooded cave have been granted Thai citizenship.
    Steve Bruce's Aston Villa get convincing win against Hull

    Steve Bruce's Aston Villa get convincing win against Hull

    Bruce is confident of keeping Grealish beyond the end of the transfer window but expects to face a fight for his services.
  • Russia Denounces US 'Novichok' Sanctions

    Russia Denounces US 'Novichok' Sanctions

    Paul's meeting with Putin will allow Trump to communicate this uncomfortable decision with some diplomatic cordiality. A State Department official said the sanctions could have a significant impact on trade with Russian Federation .
    Seahawks remain in tunnel during national anthem

    Seahawks remain in tunnel during national anthem

    The Giants opened their preseason at home against the Cleveland Browns on Thursday, and Big Blue defensive lineman A.J. Before the Eagles-Steelers game, Malcolm Jenkins and De'Vante Bausby raised a fist during the playing of the anthem.
    Here is when Perseids shower peaks in Oman this month

    Here is when Perseids shower peaks in Oman this month

    And if you're intrepid enough to travel to a dark sky park , here are some of the absolute best in the United States. From Aug.11-13, the Perseid meteor shower will send between 60 and 70 meteors shooting across the sky every hour.
  • In Recordings, Nunes Says Rosenstein Impeachment Would Delay Kavanaugh Confirmation

    In Recordings, Nunes Says Rosenstein Impeachment Would Delay Kavanaugh Confirmation

    That's why I keep-thank you for saying that, by the way-we have to keep all these, we have to keep the majority. So if we actually vote to impeach, okay, what that does is that triggers the Senate then has to take it up.
    'God of War's' New Game+ arrives on August 20th

    'God of War's' New Game+ arrives on August 20th

    Play the game in a whole new way by exploring new customization options with extremely powerful new armor sets and enchantments. You'll start the journey over with all of your previous armors, enchantments, talismans, resources, and abilities.
    Saudi Arabia stops all medical treatment programs in Canada

    Saudi Arabia stops all medical treatment programs in Canada

    Saudi's foreign ministry called the statement "a major, unacceptable affront to the kingdom's laws and judicial process". Canada's Foreign Affairs Minister Chrystia Freeland said Monday that Canada would not be cowed by Saudi actions.


Most liked

Jose Mourinho ‘overachieved’ with Man United — Sky Sports pundit
But beyond the football aspect, there is general unease surrounding the club both from the manager and their fans. They certainly seem very unsure of the players he has brought in before - [Eric] Bailly, [Victor] Lindelof.

Courtney Smith's lawyer: My client has never been contacted by Ohio State
Courtney Smith's attorney said in a statement that Smith will cooperate with the university's investigation. Zach Smith wasn't charged in either 2009 or 2015.

Another strong quake hits Indonesia's Lombok, witnesses say buildings have collapsed
In December 2004, a massive magnitude 9.1 quake off Sumatra triggered a tsunami that killed 230,000 people in a dozen countries. Local media had earlier reported the death toll at 347, but the national disaster agency says that figure has not been verified.

Ex-Malaysian PM granted bail on money-laundering charges
Police also seized jewellery and valuables valued at more than 1.1 billion ringgit (£208m) from properties linked to Mr Najib. He has pleaded not guilty to those charges and was released after posting bail, but his passport was held.

Success! Alex Jones Gets Banned From YouTube, Apple, Facebook and Spotify
If conspiracy theories are given a platform and allowed to propagate, no amount of fact-checking can stem the tide. All users agree to comply with our Terms of Service and Community Guidelines when they sign up to use YouTube.

Gaza rocket hits near southern Israeli city in show of defiance
He added that he didn't think that an Israeli military campaign would lead to an escalation of violence on Israel's other borders. Ambulance sirens echoed through the night in Gaza, where families huddled at home as powerful explosions shook buildings.

Final Remix psyches out the Switch on October 12
It will be possible to enjoy the RPG with touch controls in the portable mode or with Joy-Con in the desktop and TV modes. In two-player co-op mode, players can battle enemies - known as Noise - and challenge the Reaper's Game together.

New Raptor Kawhi Leonard 'looking forward to next chapter,' thanks Spurs
Leonard demanded a trade this summer away from the only team he has known, after seven mostly brilliant seasons in San Antonio . Leonard gives a shoutout to his teammates "over my seven years in the National Basketball Association ".

Loris Karius Given Rousing Reception By Liverpool Fans On Anfield Return
There is plenty of buzz surrounding the Reds following the arrival of some exciting summer signings. "We will see what happens", he started.

Yerry Mina reveals World Health Organization convinced him to sign for Toffees
Everton trebled their tally of summer signings from Barcelona on a productive deadline day for new manager Marco Silva . Everton's season-long loan deal for Portugal's Gomes will see them pay 2.25 million euros and the player's wages.

China leading the way when it comes to 5G
Another report dubbed China's lead in the 5G race the "China Surge" and noted that China has the potential to lead through 2021. China built around 350,000 new cell sites over this period, compared to fewer than 30,000 for the US .

EmuParadise Removes All Its ROMs and ISOs
For some, EmuParadise was more than a site with a wide assortment of ROMs. But you won't be able to get your games from here for now.

LeBron James For Secretary Of Education Petition Signed By Over 16,000
Meanwhile Betsy DeVos makes it easier for scammers to scam'. "He did a lot, but taxpayers should know it's their investment, too". The school provides job placement services for their parents as well as free college tuition for graduates.

Lindsay Lohan slams the #MeToo movement
The show will premiere in 2019 and follow The Parent Trap actress and the staff at her club in Mykonos. I think Georgina needs to take a stand and be there for her husband.

2 charged after children sealed in plywood boxes with no water, light
All four children consisting of three (3) girls and one (1) boy were placed in the care of the Missouri Children's Division. Investigators with the Missouri Children's Division and police showed up to the home, according to the sheriff's office.