RBA Statement on Monetary Policy | Forex Factory

  • RBA Statement on Monetary Policy

    From rba.gov.au Story is in PDF Format

    Moderate growth in the global economy has continued, though indicators have been somewhat mixed in recent months. Growth in the Chinese economy was a bit slower in the March quarter, but over the past year or so has been in line with the Chinese authorities’ stated target. Infrastructure investment and demand for residential property continue to be important drivers of growth. In Japan, there is increased optimism regarding the outlook for the economy following fiscal and monetary policy initiatives, with measures of sentiment and forwardlooking indicators of activity improving in early 2013. Elsewhere in east ... (full story)

Comment Options
billv
May 10, 2013 7:34am
Permalink
Many people are not aware that Australia is turning into an energy producing nation.

From the report
"The Bureau of Resources and Energy Economics expects bulk commodity exports to
increase at an annual rate of around 10 per cent over the next six years.

The increase in liquefied natural gas (LNG) exports is particularly large,
and LNG is expected to account for almost one-fifth (20%) of resource exports by 2017/18
Reply
meskatul
May 10, 2013 3:49am
Permalink
I don't think so. This was expected coz Summer is coming @ USD so they will provide some good data in CPI PP& NFP etc. So, now their Currency will be strong. But end of the summer USD will Depreciate. Please see the trend and Previous years' data. I think market will up after Ending Summer. So, Don't go against USD.
Reply
Eagleprice
May 9, 2013 11:56pm
Permalink
Rate cut was not expected by most of the Investors.I have no idea what aussies are trying to do at this point !!!
Reply
soebioto
May 9, 2013 10:08pm
Permalink
Do not believe all Australian economic data ...
Reply
Forex-vip
May 10, 2013 6:12am
Permalink
Guys aud going correction tell 200 level or between before nice sell
Reply
Trader#8772
May 10, 2013 2:42am
Permalink
Hi We are in a currency war, every country is trying to make sure they can do the best they can do weaken their own currency to improve their economy however only the United States and Japan will win this war. Decide on trends and not what you hear on the news by people who all have an opinion but they they are not God if their is one. Always remember Markets never NOT tell the truth Annalist estimate.
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats