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6 Aug 2019

RBA: Will adjust policy if needed to support sustainable growth

Following are the key headlines from the August RBA monetary policy statement (via Reuters):

To adjust policy if needed to support sustainable growth.

Rates to remain low for an extended period of time.

To monitor developments in labor markets closely.

Outlook for global economy remains reasonable.

Conditions in housing market remains soft.

House prices are stabilising in Sydney and Melbourne.

Australian economy expected to grow at 2.5% in 2019.

Aug 6, 2019

NZ: Labour market has defied slowdown expectations – Westpac

Michael Gordon, senior economist at Westpac, points out that New Zealand’s labour market has defied expectations of a slowdown, with the unemployment
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Aug 6, 2019

AUD/USD clings to gains as RBA offers no policy change

With the RBA refraining from fresh rate cut clues, the AUD/USD pair remains positive around 0.6780 ahead of the European market open on Tuesday.
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