The RBA has kept the cash rate steady due to a reasonable global economy.
Tag: RBA
RBA Invokes Climate Change Panic (rant)
The RBA is being encouraged to invoke climate change panic.
Business investment declines counter to all desires of the RBA.
Quantitative easing is on the cards once the cash rate hits 0.25%
Arrear rates are at the highest level they have been in a decade, with WA taking the lead.
RBA Keeps the Cash Rates Steady
#Economy #Recession #HeiseSays The RBA has kept the Cash Rate Steady. References Statement by Philip Lowe, Governor: Monetary Policy Decision https://www.rba.gov.au/media-releases/2019/mr-19-29.html RBA Rate Indicator – December 2019 https://www.asx.com.au/prices/targetratetracker.htm
Dwelling Approvals Down 21%
#Construction #Property #HeiseSays Dwelling approvals have dropped over 21% when compared to this time last year. References
#Borrowing #Economy #HeiseSays The RBA is trying to encourage business to borrow and invest. Doest any trust Philip “Unexpected” Lowe? References https://www.abc.net.au/news/2019-10-29/zero-interest-rates-extraordinarily-unlikely-rba-governor/11651356?section=business
#Wages #Economy #HeiseSays Wage growth has plunged and the RBA is at a loss to explain why. References Wages growth in Australia: The truth about this viral graph https://www.news.com.au/finance/economy/australian-economy/wages-growth-in-australia-the-truth-about-this-viral-graph/news-story/d75327cfb07c8a961b3688873397bb17
Construction Sector Decimated
#Construction #Economy #HeiseSays Australia’s construction sector is slowing down and may decimate the job sector. Once again the RBA was surprised. References ‘Jobs will be lost’: Construction slowdown to leave thousands unemployed https://www.news.com.au/finance/work/careers/jobs-will-be-lost-construction-slowdown-to-leave-thousands-unemployed/news-story/4c43923160ce3c0d5327ff0103abe1c4?fbclid=IwAR2QFIH4si-udcnd3RKZBLgqLKMUXLrTDN7od7sjCl17HCldX_4c1u2NjUQ https://s3-ap-southeast-2.amazonaws.com/sua-gateway-files/Digital-Foundations-media-release-version-1.2.pdf