What does RBA's Gentle Turning Point Refer to?
By Sophia Rodrigues
Published On 07 Nov 2019 , 12:00 AMRBA Governor Philip Lowe first referred to gentle turning point at the Parliamentary testimony in August when he said "economy may have reached a gentle turning point." In late-September, the language strengthened to "has been reached." So what exactly is the gentle turning point based on? It is based on the fact that GDP growth in the 1H of 2019 was better than the 2H of 2018. (+0.5% q/q each in Q1 and Q2 2019; +0.3% in Q3 and +0.1% in Q4 2018). There is also an expectation that GDP would grow around 0.7% average in every qtr of 2020 which would be 2.8% y/y (widely regarded as trend growth).
LATEST SNIPPETS
No RBA Rate Cut Call from Any Big Four Bank Yet?
I must say I am surprised none of big four banks have made RBA rate cut call......yet
Published on : 12 Feb 2019 , 07:05 AMRBA may not turn dovish yet but acknowledge balance of risks have changed
One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...
Published on : 05 Feb 2019 , 07:02 AMAPRA will Change Loan Serviceability Floor
Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...
Published on : 31 Jan 2019 , 06:33 AMRBA Would Change Next Move Up Guidance
Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...
Published on : 10 Jan 2019 , 06:29 AMHappy New Year
Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...
Published on : 02 Jan 2019 , 06:28 AMAustralia's export -- the term GFC
How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM