Australia net export to subtract 1.7 points from Q1 GDP
By Sophia RodriguesPublished On 31 May 2022 , 11:44 AM
Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bureau of Statistics showed.
This is slightly worse than forecast by most economists, but in line with ANZ's forecast.
Among the big four banks, ANZ's forecast is for 0.6% q/q growth, NAB is at 0.1%, CBA at 0.5% and Westpac at 0.2%.
Westpac chief economist Bill Evans has raised his forecast for RBA cash rate, now expecting the policy rate to end 20...Published on : 07 Jun 2022 , 05:21 PM
Economists at Commonwealth Bank have revised higher their forecast for RBA cash rate, now expecting the rate to reach...Published on : 07 Jun 2022 , 04:58 PM
Economists at National Australia Bank are revising up their RBA cash rate forecast following the 50bps hike on Tuesda...Published on : 07 Jun 2022 , 04:15 PM
The Reserve Bank of Australia raised the cash rate target by 50bps to 0.85%. The rate on Exchange Settlement balances...Published on : 07 Jun 2022 , 02:47 PM
Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bu...Published on : 31 May 2022 , 11:44 AM
The Reserve Bank of New Zealand raised official cash rate by 50bps to 2.0%, as widely expected and issued hawkish pro...Published on : 25 May 2022 , 12:15 PM
The full title of RBA assistant governor Christopher Kent's speech next week is, "From QE to QT - The next p...Published on : 20 May 2022 , 10:00 AM
The jobless rate was at 3.9% in April, following a revised 3.9% rate in March (from 4.0%), data from Australian Burea...Published on : 19 May 2022 , 11:46 AM
I don't think there's as much commonality between a governor and deputy governor as it is between RBA's G...Published on : 10 Mar 2022 , 05:53 PM
Economists at ANZ New Zealand have revised their call for the RBNZ OCR, now expecting 50bps hike at each of the meeti...Published on : 08 Mar 2022 , 09:11 AM