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Tuesday, 7 July 2020 14:06 WIB

Australia™s central bank chief highlighted worries among households and businesses about the health and economic outlook, as the nation™s successful run of Covid-19 containment was rocked by a new outbreak, damping the economy™s otherwise improving prospects. Reserve Bank of Australia Governor Philip Lowe kept the cash rate and three-year yield target unchanged at 0.25%, as expected. Soaring job advertisementsand retail sales suggest the economy is recovering, yet a spiraling rate of cases in Australia™s second-largest city is a stark reminder of ongoing...

RECENT NEWS
Lagarde speech: Inflation Remains Some Distance Below Our Medium-Term Aim
Tuesday, 11 February 2020 21:25 WIB | ECB Lagarde

The growth momentum of the euro area has been slowing down since 2018 dur to global uncertainties and weaker international trade, European Central Bank (ECB) President Christine Lagarde said in her prepared remarks at the European Parliament's plenary session. "Moderating growth has also weakened pressure on prices, and inflation remains some distance below our medium-term aim," Lagarde added. The EUR/USD pair largely ignored these comments and was last seen trading at 1.0907, down 0.02% on a daily basis. Key takeaways "Monetary policy cannot, and should not, be the only game in...

Fed's Powell says risks to the U.S. economy remain, particularly from the coronavirus
Tuesday, 11 February 2020 21:04 WIB | Federal Reserve Testimoni

Some of the forces that held down U.S. economic growth last year have eased, but risks to the outlook remain, particularly from the coronavirus, Federal Reserve Chairman Jerome Powell said Tuesday. œWe are closely monitoring the emergence of the coronavirus, which could lead to disruptions in China that spill over to the rest of the global economy, Powell said, in testimony prepared for a House Financial Services Committee hearing later Tuesday. The Feds report to Congress on monetary policy noted fragility in Chinas corporate and financial sector that could leave it vulnerable...

RBA's Lowe Says Risk of Rate Cut Now Outweighs Likely Benefit
Friday, 7 February 2020 08:15 WIB | RBA

Australia's central bank chief Philip Lowe signaled his board is firmly on hold for now, saying further cuts to the nation's already historically-low interest rate risk doing more long-term damage to the economy than the short-term benefit they would create. "While it's plausible that we can move toward our goals, at least right at the moment the risks have slightly tilted to outweigh the benefits," the governor told a parliamentary panel in Canberra Friday. œBut that could turn, particularly if the unemployment rate deteriorates. He warned of œsignificant areas of...

RBA Lowe Says Economy Still Passing Through "Gentle Turning Point" For The Better
Wednesday, 5 February 2020 09:20 WIB | RBA

Reserve Bank of Australia's Governor Philip Lowe is speaking on "The Year Ahead" at the National Press Club, Sydney today. Markets are looking for further clarification since the RBS's rate decision yesterday and surprise optimism about the economic outlook which lifted AUD crosses through stops, triggering a huge bid in the Aussie. Lowe said on Wednesday that Australia's central bank would see a strong case for cutting its benchmark interest rate from current record lows if the unemployment rate moved higher and there was no progress in lifting inflation. However, the RBA says that the...

RBA Holds Key Rate as Specter of China Slump Looms Over Economy
Tuesday, 4 February 2020 10:54 WIB | RBA

Australia kept interest rates unchanged Tuesday as the labor and property markets' strength gives the central bank room to wait and see how badly the economy will be hit by a slump in China's growth. Governor Philip Lowe kept the cash rate at 0.75% at the Reserve Bank's first meeting of 2020, as predicted by most economists and traders. The jobless rate falling in the final two months of 2019 kept the RBA sidelined, despite the impending hit from wildfires and now the coronavirus. The coronavirus œis having a significant effect on the Chinese economy at present. It is too...

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FISCAL
Fed's Powell: 'Medical Metrics' Most Important Data for U.S. Economy Now: CBS
Monday, 18 May 2020 08:06 WIB

The most important data for the U.S. economy right now are the "medical metrics around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks...

MONETARY
RBA cuts Official Cash Rate by 25 bps to 0.50%, AUD/USD jumps
Tuesday, 3 March 2020 10:38 WIB

At its March monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) cut its official cash rate (OCR) by 25bps to a record low of 0.50%, as they weighed in the coronavirus outbreak...