Why RBNZ will Hold OCR at 1%

I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...

Market Pricing for RBNZ Cut --How Much is "Will do"?

In their markets outlook on Nov 11, economists at BNZ wrote, "RBNZ shouldn’t cut this week but probably wi...

What does RBA's Gentle Turning Point Refer to?

RBA Governor Philip Lowe first referred to gentle turning point at the Parliamentary testimony in August when he said...

Expect Dovish RBA Statement, Refined Forward Guidance

It is very unusual for both market and economists to be strongly expecting a particular outcome (hold) for a RBA boar...

Australia: More Reason to Buy vs Rent Dwelling

More reason to buy vs rent? For the first time since at least 2007, gross rental yields for properties in Australia&#...

Will RBA Debate Further Easing at Nov Meeting?

Even before the RBA Nov board meeting begins, I am curious to find out if there will be a vigorous debate about...

RBA Should Cut Now to Avoid QE

A few weeks back I wrote an article about how in theory the RBA could avoid QE, but to do so requires continuation of...

Australia: Housing Group Numbers Disappoint Most in CPI

The most disappointing numbers in Australia Q3 CPI are the ones for housing group. Rent rose 0.4% y/y (and below 1.0%...

Challenges of Communication. AOFM Tender Doesn't Sell Fully

Challenges of communication!

This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...

RBA Debelle's speech is Dovish

RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...