Business
RBA’s ‘dovish surprise’ depresses $A – The Australian Financial Review
The Australian dollar declined after the Reserve Bank unexpectedly doubled the size of its bond-buying program and extended forward interest rate guidance.
With an eye firmly on the Australian dollar, erring on the side of too much rather than too little is at this stage tactically at least the least risky path, said Stephen Miller, strategist at GSFM.
If left unchecked, the rise in the Australian dollar could well frustrate the task of getting unemployment down and wage growth up and inflation sustainably within the 2 to 3 per cent target range, he said.
Announcing the policy changes, RBA governor Philip Lowe said the exchange rate has appreciated…
-
Business22 hours agoWhy Auckland Airport, Australian Ethical, Breville, and Clarity shares are charging higher
-
Business23 hours agoMacquarie increases price target for Qantas shares
-
Noosa News24 hours agoHoyts Is Set to Launch Up to Five New IMAX Screens in Australia — Including at Melbourne Central Before the End of 2025
-
Noosa News22 hours agoCommonwealth Bank executive Christopher James McCann found dead in Springbrook National Park