In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts.
RBNZ held and refrained talking their currency down, seeing the Kiwi dollar spike higher across the board.
Headline employment data disappointed, increasing the probability of another RBA cut in their October meeting. Unemployment rose to 5.3% (highest rate since August 2016) +34.7 jobs were added, yet the headline figure was propped up by part-time… Read More
With the Fed widely expected to cut rates later today, we take a look at market returns for FX majors, commodities and the S&P500 following such an event. Using Fed Funds data from 1971, we filtered the Fed… Read More
The RBA’s minutes revealed what many had expected, by stating it’s ‘more than likely’ they’ll have to ease further in the period ahead. Summary From RBA Minutes on Monetary Policy Members judged that a decline in interest rates was unlikely… Read More
After much anticipation, the RBA opted to hold rates at 1.5%, making it the 30-consecutive meeting without a change of policy since lowering rates to record lows. That doesn’t mean they’re out of the woods yet though.