Monday, 19 November 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
RBA Keeps Interest Rates on Hold
Tuesday, 6 November 2018 10:52 WIB | FISCAL & MONETARY |

The Reserve Bank of Australia has left the official interest rate unchanged for the 27th consecutive month.

The record low overnight cash rate of 1.5 per cent was not expected to be adjusted by RBA governor Philip Lowe at Tuesday's monetary policy board meeting.

The central bank has held interest rates steady at at 1.5 per cent since cutting the country's cash rate by 25 basis points in August 2016, a move that heralded the start of a record-breaking run of monetary policy inaction.

The central bank is waiting for falling unemployment to translate into a sustainable increase in wages to bring inflation firmly back into its 2 to 3 per cent target range.

Meanwhile, consumer confidence rose 1.9 per cent, according to the latest weekly reading by the ANZ-Roy Morgan survey, meaning consumer sentiment has regained almost two-thirds of the drop suffered on the weekend of the Wentworth byelection.

The property market continues to soften and five economists recently surveyed by The Australian Financial Review forecast national house values would continue to drop in 2019, with Sydney and Melbourne dragging down the national average.

Source : Bloomberg

RELATED NEWS
ECB's Draghi raises prospect of slower inflation pick-up amid 'uncertainties'...
Friday, 16 November 2018 16:06 WIB

Presiden Bank Sentral Eropa Mario Draghi pada hari Jumat menegaskan kembali rencana untuk kembali menekan stimulus pada akhir tahun tetapi juga menyuarakan kehati-hatian tentang prospek pertumbuhan, m...

Powell Says He"s Optimistic About Economy as He Notes Concerns From Abroad...
Thursday, 15 November 2018 07:58 WIB

Ketua Federal Reserve Jerome Powell pada Rabu malam melakukan percakapan dengan presiden Dallas Fed untuk mengkomunikasikan optimisme tentang pertumbuhan ekonomi AS bahkan ketika dia mengakui potensi ...

Fed Holds Rates Steady And Stays on Course For More Gradual Hikes...
Friday, 9 November 2018 02:16 WIB

The Federal Reserve pada Kamis mempertahankan suku bunga stabil sementara menandakan bahwa itu akan tetap berjalan dan menaikkan suku bunga pada laju bertahap dalam beberapa bulan mendatang. Seperti ...

BOE Waits for Brexit Clarity as Forecasts Hint at Faster Hikes...
Thursday, 1 November 2018 19:24 WIB

Bank of England mengisyaratkan mungkin ada kebutuhan untuk kenaikan suku bunga lebih cepat dalam beberapa tahun mendatang dalam laporan yang didominasi oleh ketidakpastian atas Brexit. Komite Kebijak...

BOJ Stands Pat as Risks Rise in Long Battle to Stoke Inflation...
Wednesday, 31 October 2018 10:33 WIB

Bank of Japan membiarkan stimulus moneternya tidak berubah seiring mereka memperbarui perkiraan harga yang mengkonfirmasi bahwa itu tidak akan memenuhi target inflasi untuk tahun-tahun mendatang. Sep...

LATEST NEWS
EUR/USD Climbs Further Beyond 1.1400 Handle, 1-1/2 Week Tops

The EUR/USD pair reversed an early dip to sub-1.1400 level and quickly recovered around 25-30 pips from daily lows to hit 1-1/2 week tops in the last hour. The Fed Vice Chairman Richard Clarida offered some dovish comments on Friday, saying that...

Gold Declines After Dollar, Treasury Yields Steady

Gold snapped a four-day advance as the dollar steadied, with the currency recovering from comments on Friday by Federal Reserve Vice Chairman Richard Clarida, who said U.S. interest rates are getting closer to the vicinity of neutral and...

Hong Kong Shares End With Gains

Hong Kong stocks closed with a third day of gains Monday, tracking a positive lead from Wall Street as investors keep an eye on developments in the China-US trade dispute. The Hang Seng Index rose 0.72 percent, or 188.47 points, to close at...

POPULAR NEWS
Gold prices settle up by more than 1% for the week; palladium futures log another record
Saturday, 17 November 2018 01:49 WIB

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week,...

Gold Hits 1-Week High as Dollar Softens; Palladium Near Record
Friday, 16 November 2018 19:27 WIB

Gold rose to a one-week high on Friday as the dollar softened following recent gains on uncertainty over Britain's exit from the European Union,...

Stocks End Mostly Higher, But Suffer Weekly Losses on Tech Weakness
Saturday, 17 November 2018 04:12 WIB

Stocks ended mostly higher Friday, finding support after President Donald Trump said China "wants to make a trade deal" with the U.S. But major...

Hong Kong Shares Close Week on Positive Note (Review)
Saturday, 17 November 2018 04:16 WIB

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil...