Tuesday, 25 September 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Australia Holds Interest Rate as Employment Bonanza Winds Down
Tuesday, 1 May 2018 12:43 WIB | FISCAL & MONETARY |RBAEkonomi AustraliaBank Sentral Australia,

Australia left its key interest rate unchanged at a record lowTuesday -- as expected -- amid the slowing of a hiring boom.

Reserve Bank Governor Philip Lowe kept the cash rate at 1.5 percent, where it has stood since late 2016, as the central bank waits for inflation to strengthen. The nation™s jobs growth has declined to a three-month annualized pace of 1.2 percent in 2018 from a blockbuster 3.4 percent for the whole of last year, Westpac Banking Corp. estimates.

œThe bank™s central forecast for the Australian economy remains for growth to pick up, to average a bit above 3 percent in 2018 and 2019., Lowe said in astatement. œEmployment has grown strongly over the past year, although growth has slowed over recent months.

The local dollar edged lower, trading at 75.35 U.S. cents at 2:33 p.m. in Sydney from 75.41 prior to the release. It™s fallen about 6 percent in the past three months.

The RBA has shifted to a supporting role in the nation™s economy, styling itself as a predictable player. Lowe has said the next rate move will likely be an increase at some point, reflecting forecasts for faster growth that are due to be updated Friday. Traders are pricing in little chance of a tightening this year as inflation hovers near the bottom of the central bank™s 2 percent to 3 percent target, with 2019 seen as a more realistic prospect.

Source : Bloomberg

RELATED NEWS
Swiss National Bank keeps rates steady at -0.75%, as widely expected...
Thursday, 20 September 2018 14:54 WIB

Anggota dewan Swiss National Bank (SNB) memutuskan untuk meninggalkan suku bunga deposito acuan tidak berubah di -0,75% pada penilaian moneter kuartalan yang diadakan hari ini. Bank sentral mempertah...

BoJ leaves monetary policy unchanged...
Wednesday, 19 September 2018 10:31 WIB

Pada pertemuan kebijakan moneternya hari ini, Bank of Japan (BoJ) tidak mengubah pengaturan kebijakan moneternya, menahan suku bunga di -10bps sambil mempertahankan target hasil 10% JGB pada 0,00%. B...

ECB Draghi : Do More To Shore Up Banking Sector...
Tuesday, 18 September 2018 15:52 WIB

Presiden Bank Sentral Eropa Mario Draghi mendesak pemerintah zona euro pada hari Selasa untuk mengambil tindakan lebih lanjut untuk menopang sektor perbankan di kawasan tersebut, termasuk dengan membu...

European Central Bank Leaves Monetary Policy Unchanged...
Thursday, 13 September 2018 19:05 WIB

Bank Sentral Eropa, seperti yang diharapkan menetapkan suku bunga tidak berubah pada hari Kamis dan menegaskan kembali rencananya untuk mengurangi ukuran program pembelian obligasi bulan depan dan men...

Bank of England Keeps Rate Unchanged, Upgrades Growth Forecast...
Thursday, 13 September 2018 18:16 WIB

Bank of England (BoE) mempertahankan suku bunga acuannya tidak berubah setelah mengangkatnya ke level tertingginya sejak 2009 pada bulan lalu. Komite Kebijakan Moneter, yang dipimpin oleh Gubernur Ma...

POPULAR NEWS
Gold Expected To Gain Some Luster After Fed

Wall Street and Main Street both look for gold...

Gold Drops Second Day as Trade War, Rate Hike in Focus

Gold declines for second day with trade war...

Asia Stocks Fall as U.S., China's New Tariffs Take Effect

Asian stocks fell for the first time in five...

LATEST NEWS
Hong Kong stocks sink on new trade frictions

Hong Kong shares tumbled on Monday after the US imposed fresh tariffs on $200 billion of Chinese imports and Beijing cancelled planned talks between the two sides. The Hang Seng Index fell 1.62 percent, or 454.19 points, to close at...

Wall St Falls on U.S.-China Trade Tariff Standoff

On Wall Street the S&P and the Dow closed lower on Monday after a round of U.S.-China trade tariffs kicked in, dampening last week's hopes for a resolution and investors waited for an interest rate hike ahead of a U.S. Federal Reserve...

Oil Futures Settle Higher, with Global Benchmark Crude at a Nearly 4-Year High

Oil prices rallied on Monday, with Brent marking its highest settlement since late 2014 and U.S. benchmark West Texas Intermediate crude ending at a more than two-month high. At a meeting over the weekend, a committee made up of some members of...