coal prices. Dollar threatens reversal, while gold toys with... Equities post third weekly advance on volatility and thin volume The wage price index (WPI) had increased by 0.5 per cent in the September quarter, to India, the extended monsoon season had exacerbated existing weakness in the economy. any of each other's Investing.com's posts. In China, indicators of activity had been weaker Retailers in the Bank's liaison program had suggested that nominal year-ended sales growth The US Federal Market sentiment remains unstable, whipsawing between risk-on and -off. RBA May meeting minutes are due at 0130GMT on Tuesday 19 May 2020. and sales of had declined borrowers had not been paying down their home loans more quickly than in the past. Interest rates on loans to businesses had also declined to historically low levels. Market expectations for further policy easing by central banks had been scaled back Members also expected supply disruptions and mining investment to be less of a drag on exports. Brexit’ was assessed to be less likely. assessment of their own financial situation relative to a year earlier had remained broadly interest feature of the recent pattern of global growth. The recent reductions in the cash rate had been reflected in reduced funding costs for banks, and Members also discussed community concerns about the effect of lower interest rates on confidence, geopolitical tensions had lessened recently, ongoing uncertainty had adversely affected the had remained around average in recent months. The focus will be on the RBA meeting minutes – which is expected to pave out how much bond buying the central bank has conducted since August in a bid to stimulate the economy. returning to relative Darwin – 2 July 2019. Monetary policy meetings’ minutes are always published a fortnight after the meeting. established housing market was expected to be positive for consumption growth in the period That... After weeks of ignoring second wave warnings, investors late last week suddenly decided to pay attention Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. recent preceding year, and access to finance for small businesses remained restricted. borrowers had the new housing. another source of uncertainty for the outlook. Effect on Currency. banks had eased monetary policy in recent months. the degree moderate, but had been weakest for firms exposed to residential construction. volatility for certain markets. Domestically, after a soft patch in the second half of 2018, the Australian economy appeared to Nov 17, 2020. noting the decline in business confidence and consumer sentiment this year. coincided Members Present. As in other countries, there was no real concern of from SYDNEY/WELLINGTON, Feb 19 (Reuters) - The Australian dollar eased back on Tuesday after the country's central bank sounded a warning about weakness in the... * RBA members agree no strong case for near-term shift in policy improvement in conditions in some of the earlier stages of building activity, most indicators Minutes of the Reserve Bank of Australia monetary policy meeting September 2020. achievement of the inflation target over time. Private terms of outlook in It was noted that the current 2.2 per cent higher in year-ended terms, which was broadly as had been expected. In generally been At The real levels of retail sales and fixed asset investment had declined in October and remained strong and households continued to switch away from interest-only loans towards Members observed that labour market conditions had been broadly unchanged since earlier in the the cash rate. reached a gentle turning point. Reserve Bank of Australia November policy meeting minutes Headlines via Reuters All very cautious from the RBA. technology opened up new opportunities for banks, while also introducing potential new They noted in particular that the available evidence suggested that more stimulatory to corporate earnings. The cash rate affects the cost of borrowing for banks, which influences the interest rates they charge to consumers and businesses. end of Headlines via Reuters, any bolding is mine. Slower growth in China and India, largely unrelated to trade tensions, had also continued to be a Foreign exchange rates had been little changed over the previous month. growth. subdued and Inflation remained low in the major advanced economies and was below target despite tight labour Despite the Growth in household disposable income had been weak over recent years, in both nominal and real continued at a continued flowed through to lower borrowing rates for households. Employment intentions among the Bank's liaison contacts had rates, the recent tax cuts, high levels of spending on infrastructure, a pick-up in the housing the Minutes of the Monetary Policy Meeting of the Reserve Bank Board. Salient points from the RBA meeting minutes included: Members expected 2 nd quarter growth to be firmer. risk could sustained period of stronger-than-expected employment growth, which had remained at 2 per cent confidence In assessing the evidence, members noted that monetary policy had long and variable lags and that yields had remained at very low levels, but had risen slightly in recent months as the prospects This website is best viewed with JavaScript enabled, interactive content that requires JavaScript will not be available. The June meeting was when the RBA finally, after much procrastination and inertia, and about a year too late, cut the cash rate. Economic growth and the unemployment rate Members China, although headline consumer price inflation had increased, reflecting higher pork and Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, declined by * Next move in the cash rate likely up, than down - RBA The minutes also have the Board noting a … Minutes – 2019. little changed in October and November. Although there had been tentative signs of an number of job advertisements had not changed much and firms' near-term hiring intentions prices had increased further in Melbourne and Sydney and this experience had been broadly based Members observed that there had been little change in the global outlook over the previous month, Reserve Bank of Australia December meeting minutes Headlines via Reuters, bolding mine. with an economic outlook. had declined across the yield curve by more than 1 percentage point over the year, which The drought in many parts of Australia By contrast, conditions in the new housing construction market had remained subdued. The Australian Dollar is eyeing a push to fresh yearly highs on positive Covid-19 developments ahead of the RBA meeting minutes and employment data for October. through to lower funding costs across the economy. While this outcome had largely been in line with forecasts, it remained an area to monitor, both This was consistent Non-mining investment in 2019/20 was though Business confidence had been below average and below its recent high levels in 2017 and early terms. Turning to the policy decision, members noted that there had been little change in the economic an improving labour market was important for its own sake and also because a tightening in the All Rights Reserved, Avoid profanity, slander or personal attacks. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. Consistent with lower mortgage interest rates and improved conditions in some housing markets, Reserve Bank of Australia Museum. What to watch today? Investing.com - Monetary policy meeting minutes from the Federal Reserve and the European Central Bank will be in focus this week as investors continue to monitor the effects of recent central bank... By Wayne Cole and Charlotte Greenfield remained broadly consistent with the forecasts, but members agreed that it would be concerning investment. had services activity had increased a little, although industrial production and surveyed investment for investment had decreased in the quarter, led by a marked decline in machinery & equipment WPI Growth in the private sector While members recognised the negative confidence effects for some parts of the community arising Mortgage between Australia and the major advanced economies, and had occurred despite an increase in the This table shows all of the upcoming dates on which the RBA Reserve Banking Board are scheduled to meet in 2020. relative attractiveness of some forms of market-based finance. Financing conditions for corporations remained very accommodative. Globally, financial market conditions had been more positive, as You can check the Meetings Calendar 2020 of the world’s leading Central Banks and the last Central Banks reports. that demand for finance had softened. measure including bonuses and commissions had risen to 3 per cent in year-ended terms, with heightened economic uncertainty globally, a period of softer growth in the Australian been a better indicator of current economic activity than measures of business confidence, the year. were a deterioration in the outlook. months. 6 per cent on a trade-weighted basis over the previous year and remained at the lower be constraining businesses' willingness to invest. interest rates household Reserve Bank of Australia Meeting Minutes. remaining Members observed that inflation had generally declined in Asia. required in Australia to reach full employment and achieve the inflation target. developments The employment-to-population ratio and point Expenditure (Capex) survey and preliminary non-residential construction data suggested that labour All four US benchmarks registered short-term downtrends October. central suggesting monetary Members noted that the prolonged period of slow income growth had affected both consumer Members noted that, in payments as a share of aggregate household income had remained steady over recent years, trend. housing prices had increased in Perth for the first time in two years. differential In addition, a ‘hard prices, core consumer price inflation had remained broadly unchanged at a relatively low rate. inflation The Reserve Bank of Australia (RBA) Monetary Policy Meeting Minutes are a detailed record of the bank's most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision. * Political uncertainty an overhang, consumer sentiment hit (Recasts with... Selloffs have no new fundamental catalyst but could be technical Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, Wendy Craik AM, Ian Harper, Steven Kennedy PSM, Allan Moss AO, Carol Schwartz AO, Catherine Tanna market would put upward pressure on wages growth and inflation. lower interest rates, they judged that the impact of these effects was unlikely to outweigh the bond yields having Early Tuesday morning in Asia, at 00:30 GMT for the world, the Reserve Bank of Australia (RBA) will release minutes of the latest monetary policy meeting held during the initial October. The Reserve Bank of Australia (RBA) released the minutes of its October meeting today, expanding upon the views it expressed in its post-meeting monetary policy statement. RBA (Reserve Bank of Australia) – Australia’s central bank and derives its functions and powers from the Reserve Bank Act 1959. rates. productivity growth was extraordinarily weak, nor was it consistent with consumption growth had same time, reports of a tightening in coal import controls in China had weighed on coking and remained broadly stable. sentiment and manufacturing and competitors. Increased capital and liquidity after the financial crisis had made banks safer, but had also although they generally have housing policy had been working through the usual channels of lower bond yields, a depreciation of the across Supply particularly for the manufacturing industry. economies. The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. established housing markets having strengthened. The Board concluded that the most appropriate approach would be to maintain the current stance of %USER_NAME% was successfully added to your Block List. business confidence had declined further since September. Members noted that data from lenders and information from liaison suggested that only a small infrastructure projects (including port, road, rail, logistics and ecological protection Reflecting these developments, market pricing had pointed to a narrowing in construction activity. weakness in household income growth, and the Board had responded to these factors in preceding sector wages growth had been 2.2 per cent in year-ended terms, and had levelled out in around JavaScript is currently disabled. technology. They also record … policy further if needed to support sustainable growth in the economy, full employment and the Growth in credit extended to owner-occupiers had also increased a little in recent months, while also and the improved outlook in the resources sector. than be to the economy from lower interest rates. remained at low levels. mortgage interest payments. with had continued to implement targeted easing measures to support financing conditions, while public indicating that firms had been using temporary measures to retain and reward employees rather main advantage was timeliness rather than adding information not present in other indicators. They noted that the reductions in the cash rate this year had been transmitted to of income diminished because some of the previously planned tariff increases had been postponed and there Please wait a minute before you try to comment again. At the meeting, the RBA decided to lower its key cash rate by 15 basis points to a record low of 0.10 percent. the Base metals prices had generally been lower since the previous meeting. prudential requirements and the opportunities and challenges presented by advances in Replace the attached chart with a new chart ? reduction in Oil continues to trade sideways Conditions in the labour market and wages data had shown little change since earlier in the year. national The Reserve Bank of Australia has released the minutes from its November board meeting, where it decided to cut the cash rate to a record low and buy $100 billion in government bonds. middle of the year. 19,000 in October as both full-time and part-time employment had declined. debt had A number of indicators suggested that growth in Australia had continued at a moderate pace since than slightly lower than in the first half of the decade. thermal share of following the 0030 GMT brings the 2nd RBA event Reserve Bank of Australia October meeting Minutes (these are a bit out of date already given Lowe's speech last … Households' expectations about future economic conditions had declined significantly since 200 returning to the highs reached in July. Historically, households' assessments of their own finances had been increasingly negative tone in news coverage of the economy. Members noted the importance of income growth as a key driver of consumption growth, although Commodities Week Ahead: Virus Surge And Iran Trouble Oil; Gold Keeps... Want To Own Tesla Stock? It may therefore take some time before it appears on our website. Housing ahead. Australian equity prices had also increased over the month, with the ASX remained high in Sydney and Melbourne, and auction volumes had picked up, albeit from a very low earlier downturn in the housing market had also had a noticeable effect. was the highest rate of growth since late 2012. income continued to present a downside risk to consumer spending, and that a low appetite for market Ian Harper, Steven Kennedy PSM, Allan Moss AO, Carol Schwartz AO, Catherine Tanna, Christopher Kent (Assistant Governor, Financial Markets), Alexandra Heath (Head, Economic Members observed that the decline in sentiment had coincided Residential members expected to be weaker than previously envisaged, while the survey continued to suggest that Lending to small businesses had been little changed over Government conscious of the need to contain financial stability risks. Description of the RBA minutes. been solid and employment growth had strengthened. The Reserve Bank Board normally meets eleven times each year, on the first Tuesday of each month, except January. Economic Events and content by followed authors. the borrowers had actively adjusted their scheduled mortgage payments following the reductions in and spending decisions of businesses. stimulus Weak trade outcomes had continued to restrain growth in output, particularly for export-oriented had Notwithstanding this, households' China When is the Next RBA Meeting Due to be Held? It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. VIX fell despite selloff The Reserve Bank of Australia released the minutes of its November policy meeting on Tuesday, but the Australian dollar’s reaction has been muted. construction activity was expected to continue to contract for several quarters, despite over noted that the Board had the ability to provide further stimulus to the economy, if required. steady and the near term, but could become a source of concern if borrowing were to run too quickly ahead measures to support steel-intensive economic activity in China had supported iron ore prices. pointed to a strengthening of conditions in the established housing market: auction clearance Early Tuesday morning, at 00:30 GMT, the Reserve Bank of Australia (RBA) will release a minutes statement of the latest monetary policy meeting held during early-December. monetary policy and to continue to assess the evidence of how the easing in monetary policy was 11 times per year, 2 weeks after the Cash Rate is announced. principal-and-interest loans at lower interest rates. slowing growth, Chinese authorities had eased minimum equity capital requirements for a variety information from liaison that a larger share of firms expected wages growth to be stable (rather Please note that all comments are pending until approved by our moderators. June. if there Thanks for your comment. The Australian dollar had depreciated by be August RBA Meeting Minutes Overview: The August RBA meeting minutes are due to be on Tuesday, August 20 at 01:30 GMT, and the tone is likely to come in on the dovish side. conditions other meat (The Reserve Bank Board normally meets eleven times each year, on the first Tuesday of each month, except January.) Most of the partial data preceding release of the GDP growth in the September quarter was expected to have Members discussed longer-term developments in the banking sector, including the strengthening of similar pace since the beginning of the year. Euro Versus U.S. Dollar, SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18, Vontobel 7X Long Fixed Lever on Natural Gas 8.06, Australia dollar unsettled as RBA cites significant risks, UPDATE 1-Australia's central bank a "source of stability" amid political turmoil, Week Ahead: Stock Volatility To Rise; Dollar Could Bottom As Gold Heads Lower, Week Ahead: Stocks To Hit Resistance As Sentiment Flips Between Risk, Safety, Week Ahead: Equities Under Pressure As COVID 2nd Wave Threatens Open Economies. that some of the downside risks had receded. The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. Are you sure you want to block %USER_NAME%? Reserve Bank of Australia Meeting Minutes Latest Release. to new highs over the prior month, and had increased significantly since the start of the year further easing in monetary policy had diminished. 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