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Australia's economy is supposed to grow at a moderate pace because poor wage surge is putting pressure on consumption, thus keeping the necessity for simulative monetary as well as fiscal policies, as the International Monetary Fund informed on Monday.
The IMF told that interest rates in this country happened to be appropriately accommodative.
By the way, the Reserve Bank of Australia has left its interest rates at a record minimum of 1.50% for more than a year. Core inflation has been staying below its 2-3% target range for two years.
With firm momentum in domestic demand as well as inflation close to the mid-point of the target band not yet secured, ongoing macroeconomic policy support is going to remain crucial, as the IMF told in a report having visited Australia.
With Australia's economic recovery lagging that of other key advanced economies, the country’s monetary policy needs to remain strictly focused on maintaining stronger sustained momentum in domestic demand and also inflation.
In October, Japan's exports rebounded, reversing from September’s steep dive because US-bound auto shipments rallied, although decelerating global demand along with the intensifying US-China trade conflict worsened the outlook for export-reliant Japan…
In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
The crypto market experienced huge losses during this week. What are the reasons?
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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