Australia

RBA Minutes: We Have Scope to Cut if Needed

Australia’s central bank remains cautiously optimistic about the outlook for the economy, but has left the door open to cut interest rates further if growth slows. In minutes of its November 3 policy meeting, when policy makers left interest rates unchanged at a record low 2 per cent, the Reserve Bank of Australia said “the …

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Live TV Appearance on Channel News Asia

I appeared on Channel News Asia again this morning at 8:30am SGT from their OCBC Centre studio.  My questions and my responses in the form of brief notes are below: Q1. Today’s release of central bank policy meeting minutes, do you see prospect of a rate cut in November? All year we have been discussion …

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Australian Consumer Sentiment Rises 3.9%

Malcolm Turnbull’s ascent to the Prime Ministership has given consumers reason to smile, with the Christmas spending outlook at a seven-year high. The Westpac/Melbourne Institute index shows consumer sentiment rose by 3.9 per cent in November to 101.7 points, lifting above 100 points and indicating there are now more optimists about the economy than pessimists. …

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