FOREX TradingCharts.com

Financial News: RBA Chief Says No Strong Case For Near-Term

RBA Chief Says No Strong Case For Near-Term Policy Adjustment

11/21/2017 - 05:39:00 (RTTNews)

(RTTNews) - There is not a strong case for a near-term adjustment in monetary policy given the continuing spare capacity in the economy and the subdued outlook for inflation, Reserve Bank of Australia's Governor Philip Lowe said Tuesday.

The governor observed that a continuation of accommodative monetary policy is appropriate.

"If the economy continues to improve as expected, it is more likely that the next move in interest rates will be up, rather than down," Lowe said at the Australian Business Economists' annual dinner.

Lowe observed that consumption remained subdued due to the combination of weak growth in real household income and the high level of household debt.

The bank expects inflation to move above 2 percent on a sustained basis, but it is taking a bit longer to get there than earlier expected, Lowe noted.

Over the past year or so there has been progress in moving the economy closer to full employment and in having inflation return to the 2 to 3 percent range. Both of these are positive developments and suggest a more familiar normal is still in sight, he added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


WTO: Argentinean President Defends Open Markets In Speech (10 min(s), 27 sec(s) ago)
(RTTNews) - Argentinean President Mauricio Macri on Tuesday hosted the opening ceremony of the Wor ...Full Story»

TECHINT: Company To Develop US$ 1 Billion Steel Mill In Mexico (02 hr(s), 17 min(s), 27 sec(s) ago)
(RTTNews) - The Italian-Argentinean multi-national Grupo Techint pitched to Mexican President Enri ...Full Story»

Poland Core Inflation Accelerates In November (07 hr(s), 53 min(s), 27 sec(s) ago)
(RTTNews) - Poland's core inflation accelerated in November after easing in the previous month ...Full Story»

India Inflation Climbs To 15-month High In November (08 hr(s), 05 min(s), 27 sec(s) ago)
(RTTNews) - India's retail inflation accelerated to its highest level in fifteen months in Nov ...Full Story»

U.S. Producer Prices Climb More Than Expected In November (08 hr(s), 14 min(s), 27 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by slightly more than expected in the month of N ...Full Story»

German Economic Sentiment Deteriorates More Than Forecast (08 hr(s), 59 min(s), 27 sec(s) ago)
(RTTNews) - Germany's economic sentiment weakened more-than-expected in December amid politica ...Full Story»

UK Inflation Rises To 3.1%, Highest Since 2012 (09 hr(s), 29 min(s), 27 sec(s) ago)
(RTTNews) - UK inflation accelerated unexpectedly to its highest level in more than five years in ...Full Story»

South Africa's Manufacturing Production Rebounds In October (10 hr(s), 44 min(s), 27 sec(s) ago)
(RTTNews) - South Africa's manufacturing production increased at a faster-than-expected pace i ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

WTO: Argentinean President Defends Open Markets In Speech

12/12/2017 - 16:47 PM (RTTNews)
(RTTNews) - Argentinean President Mauricio Macri on Tuesday hosted the opening ceremony of the Wor ...Full Story>>

TECHINT: Company To Develop US$ 1 Billion Steel Mill In Mexico

12/12/2017 - 14:40 PM (RTTNews)
(RTTNews) - The Italian-Argentinean multi-national Grupo Techint pitched to Mexican President Enri ...Full Story>>

Poland Core Inflation Accelerates In November

12/12/2017 - 09:04 AM (RTTNews)
(RTTNews) - Poland's core inflation accelerated in November after easing in the previous month ...Full Story>>

India Inflation Climbs To 15-month High In November

12/12/2017 - 08:52 AM (RTTNews)
(RTTNews) - India's retail inflation accelerated to its highest level in fifteen months in Nov ...Full Story>>

U.S. Producer Prices Climb More Than Expected In November

12/12/2017 - 08:43 AM (RTTNews)
(RTTNews) - Producer prices in the U.S. increased by slightly more than expected in the month of N ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.