Parse error: syntax error, unexpected T_FUNCTION, expecting ')' in /home/forex/public_html/wp-content/plugins/nxs-snap-pro-upgrade/nxs-snap-pro-upgrade.php(48) : eval()'d code on line 60
Goldman Sachs: clear the RBA is to gradually move towards a more positive attitude» — Forex Stock Trade

Goldman Sachs: clear the RBA is to gradually move towards a more positive attitude»

Reserve bank of Australia Governor Lowe spoke late yesterday, Mike had the headlines here:

  • RBA’s Lowe said the rise in global interest rates will flow through to Australia in the course of time

and more:

  • RBA Lowe : the Rate is more likely to go down, but not for a while

Mike cheated with these titles — but there is much more to his messages.
GS evaluate the speech also, their «bottom line» on his speech (the bold is mine):

  • Bottom line: In a speech today, the Governor of the RBA Phil Lowe, gave a presentation about his thoughts on the next «chapter» of the Australian economy, expressing the view that the period of global monetary expansion «is now at its end«, and that this tightening would, over time, «expect to flow through us, like the drop rate». The speech also touched on the recent pick up in domestic economic conditions, and describes some of the risks in the future. Combined with the speech delivered yesterday by the Deputy of Governor Ellis, it is clear that the RBA is to gradually move towards a more positive attitude. That said, the Dr Lowe highlighted the RBA will continue to watch the evolving data, and will be paying particular attention to inflation and wages, the non-mining investment and employment.

More (very brief)

  • recent economic developments of Australia, noted improvements on several fronts, including investment in the mining sector and employment
  • Australia household debt, the Governor noted that «to date, households have had to cope quite well with higher debt levels», as seen in the moderate debt servicing ratios and housing loans in arrears, even if in the medium term, the risks are always near.
  • described labour market conditions as «unambiguously positive», citing the increase in the participation rate and full-time inclination
  • noted the improvement in the jobs in mining, exploration activity and a better business climate in the mining industry united states
  • On financial market pricing of the RBA cash rate, the Governor noted that it «agrees with the direction,» and that, although the rate increase may not be «for some time», «people should prepare for higher rates».

«Mine!» (I think it was the only good)
Yesterday I posted Goldman Sachs comment on the speech of the Reserve Bank of Australia Assistant Governor Luci Ellis

Добавить комментарий