On the back of the RBA minutes of the last board meeting, which raised rates by 25 bp to 4.00%, interest rates market are less confident of another on April 6.
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Posts Tagged ‘rba minutes’
Chance of April rate rise marked down
Tuesday, March 16th, 2010
RBA minutes suggest “flexibility”
Tuesday, December 15th, 2009Leading indicator index surges
Wednesday, September 16th, 2009The Westpac – Melbourne Institute leading index of economic activity jumped 2.8 points (1.1%) in July, the largest monthly percentage rise since April 2003.
The annualised growth rate of the Index, which indicates the likely pace of economic activity three to nine months into the future, was –1.8% in July
Westpac’s Chief Economist, Bill Evans, commented, “The weak reads in the middle of 2009 are broadly consistent with our view that growth in the second half of 2009 will be tepid. We are expecting the annual growth pace to slow from 2% in the first half to around 1% in the second half. However the pace of improvement in the growth rate of the Leading Index and, indeed the level of the Index (up 1.1% – the largest monthly rise since April 2003) points to a significant improvement in growth prospects in 2010.”
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