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.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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