THE Reserve Bank has kept the official cash rate on hold for two years running at its August meeting, extending the longest ever streak without a change. "GDP growth is expected to average a bit above 3 percent in 2018 and 2019". Lowe amended his language on China's economy in the statement, shifting from continuing to grow solidly to saying growth "has slowed a little". The Australian dollar remains within the range that it has been in over the past two years.
The bank will have more on its forecasts in Friday's third Statement of Monetary policy for 2018 but the statement yesterday indicates that apart from inflation there won't be too much of a change.
The Australian Dollar edged cautiously higher as RBA's Governor Philip Lowespoke.
Equities were collectively higher in both Europe and North America, with the FTSE100 rallying 0.7 per cent, and the Dow Jones leading United States indices to climb 0.5 per cent.
The Reserve Bank of Australia (RBA) will need to see a period of moderation in the property market even though it does not target home prices as part of its policy mandate, Governor Philip Lowe said on Wednesday.
"Three-year fixed rates for investors have increased by 10 basis points and discounted variable rates are up 40 basis points for investment loans", he said.
Canstar finance expert Steve Mickenbecker said the increases due to higher wholesale funding costs had been about 0.1 per cent, but "what is noteworthy is that the changes flow through to existing customers, not just new borrowers".
Housing credit growth has declined to an annual rate of 5.5 per cent.
Teenager stuns Novak Djokovic in massive boilover
Nadal will face Stan Wawrinka in the round of 16 after the Swiss rallied to beat Hungarian Marton Fucsovics 1-6 7-6 (2) 7-6 (10). Nadal will face Stan Wawrinka of Switzerland, a 1-6, 7-6 (2), 7-6 (10) victor over Marton Fucsovics of Hungary.
"Consumer sentiment has a significant impact on the economy and while the latest Westpac Consumer Sentiment survey reported the most positive reading since November 2013, the overall level of sentiment is below the long-term average as consumers continue to feel pressure from sluggish wages, rising electricity and petrol prices and declining dwelling values".
'The central forecast is for inflation to be higher in 2019 and 2020 than it is now'.
With Australia the most China-dependent economy in the developed world and prospects of a trade war intensifying, the outlook could begin to alter.
Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low.
Lowe said the outlook for the labour market "remains positive" and predicted a further gradual decline in unemployment "over the next couple of years to around" 5%.
The RBA maintains its next move is more likely to be up than down; Lowe, since taking the helm in September 2016, has consistently said that an increase will only come once the economy is near full employment and inflation closer to the central bank's 2-3 percent target midpoint.
A combination of both domestic and global factors have helped the Australian Dollar to see slightly stronger demand this week so far, and the risky commodity-correlated currency has easily registered gains against the Pound, with the British Pound to Australian Dollar (GBP/AUD) exchange rate hitting its worst levels in over a month.
Sur le marché des devises, l'annonce américaine a fait dévisser le rouble, tombé au plus bas depuis deux ans. Les Etats-Unis ont annoncé leur intention d'imposer de nouvelles sanctions économiques à la Russie.
According to the school, the 65-year-old coach underwent a successful, scheduled double bypass heart surgery Monday. "I feel grateful and blessed that this surgery was performed at the University of MI ", said Beilein.
Pep Guardiola's side won the top-flight crown for the first time under the Spanish head coach last season with 19 points to spare. Fast forward three months and the north Londoners are under-fire from their fans after failing to make a single signing.
Bridge reckons a deal for Pulisic before tomorrow's 5pm transfer deadline isn't completely off the table. "But I'm happy we can start at the weekend because preseason is good but the season is better still ".
Skripal was a double agent, working for years with Russian intelligence while secretly passing information to British authorities. Two other British citizens fell ill due to Novichok exposure in late June in a town close to Salisbury.
Il y a eu 11 as de chaque côté mais Tsitsipas s'est limité à deux doubles fautes contre quatre pour le Serbe, classé 10e au monde. Tête de série numéro 9 du tournoi, Djoko a montré qu'il faudra compter sur lui cette semaine au Canada.
A relative of a Palestinian Hamas who was killed in Israeli tank shelling, reacts at a hospital in the northern Gaza Strip. Israel says Hamas, which rules Gaza, is using the protests as cover to carry out cross-border attacks.
Louis Oosthuizen withdraws from PGA Championship
Per Golfweek's report, hackers left a message for the PGA staff, leaving the message, "Your network has been penetrated". Just before the start of the recent Professional Golf Association [PGA] Championship at Bellerive Country Club in St.
Abby Huntsman Expected to Join ‘The View’ at ABC
Fox News host Abby Huntsman is officially leaving the network to join The View , sources tell Mediaite . I'm not going to sit in a makeup chair for an hour and be like, "Then I'll go get the story".
Pourquoi il ne vaut mieux pas consommer trop d'algues ?
Elle recommande une consommation prudente des enfants, " les données étant insuffisantes pour mesurer le risque encouru ". Mais pour quelles raisons? Mais gare au risque d'excès d'apports en iode , avertit l'agence de sécurité sanitaire Anses.
Fulham complete signing of Bryan from Bristol City
Bristol City are hoping to land McQueen on loan as they look to strengthen their squad before the close of the transfer window. And with Dasilva playing so well in Sky Bet League One previous year , it seemed like he was ready to make the step up.