The Australian dollar remains within the range that it has been in over the past two years. The Reserve Bank is expected to keep the official cash rate at a 1.75 per cent but its forecasts on growth, inflation and interest rates will be closely watched. The AUD/USD still looks like a good pair to sell on rallies, with the fundamentals remaining bearish for the Aussie currency.
The decision came with a heads up from RBA Governor, Phillip Lowe that there was likely to see a drop in the inflation rate this quarter to lower 2018 CPI inflation to 1.75% from 2.1% in the June quarter (on a headline CPI basis) and almost 2% on an underlying basis.
GBP/AUD Forecast: Political Developments and UK Data in Focus While some Australian ecostats in the coming days could prove influential, developments regarding the Brexit process and United States trade protectionism are more likely to influence the Pound to Australian Dollar exchange rate. Yesterday, the prime minister said, "now, we are the land of droughts", an indication of the current problem.
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. It "suggested that interest rates won't rise for a while yet". The GDP for 2018 and 2019 is expected to average slightly above 3 per cent.
Immigration levels have changed year-on-year, with many overseas workers filling skills gaps during the mining investment boom, Dr Lowe said. One continuing source of uncertainty is the outlook for household consumption. The jobless rate is now 5.4%. Therein contained the usual blue-sky analysis of the Australian economy, while touching on the various local and global risks - primarily in the shape of concerns around private debt levels and trade-war fears.
"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 RBA said Tuesday "the central forecast is for inflation to be higher in 2019 and 2020 than it is currently" but gave no other details. This is largely due to reduced demand by investors as the dynamics of the housing market have changed. Lending standards are also tighter than they were a few years ago, partly reflecting APRA's earlier supervisory measures to help contain the build-up of risk in household balance sheets. "There is competition for borrowers of high credit quality". Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual.
Experts believe the cash rate will remain on hold until at least January 2020.
First home buyers accounted for more than 18 per cent of home loans in June as investors continue to flee the market, down 16 per cent for the year.
Smatterings of rain fell on Monday in parts of eastern Australia devastated by drought , but not enough to make a difference. The money is meant to assist farmers who are struggling with failing crops, water shortages and the cost of feeding animals.
As a result, Russian analysts say that fresh sanctions are unlikely to weaken Putin, at least in the short term. The shares of Russian state-controlled banks, the national carrier Aeroflot and other companies also tanked.
Bull said Lyle's death would be felt across the globe - a testament to the impact the boy from Shepparton had wherever he went. Last week he went into palliative care and went home to spend time with his family. "Our humble thanks to you all", she added.
We spoke to Kompany and Walker and they seem so intent to not drop below the mentality and standards they achieved past year . I think Liverpool need to go out of the Champions League pre Christmas to have a good chance of winning the league.
On rookie WR Michael Gallup . " He won't return any phone calls ", Dorsey said , per Mary Kay Cabot of The Plain Dealer. Bryant tweeted Thursday he would begin his visits next week and indicated he'd include Cleveland in his plans.
She was considered the favorite due to her political experience and broad support from organized labor and other key groups. Gretchen Whitmer is one of the great Democratic female candidates who will help make 2018 the year of the woman governor".
Holidaymakers evacuated as floods hit southern France
Ten people were taken to hospital suffering from hypothermia and minor injuries, said regional police spokesman Jerome Tallaron. Heavy floods have forced the evacuation of 1600 people - a lot of them campers - in southern France, officials say.
Manchester United wanted to pay £100m plus for Rafael Varane
Manchester United host Leicester City on Friday night in the Premier League's curtain raising clash of the 2018/19 clash. Tottenham Hotspur manager Mauricio Pochettino has shed some light on defender Toby Alderweireld's future in north London.
Will Monster Hunter World PC Have Cross-Play With Console?
It's also already surpassed any other Japanese game in Steam history, and by extension it's Capcom's biggest PC title, too. Maybe once the PC version catches up to the PS4 and Xbox One versions in patches we can have this discussion again.
Europe might force Apple to ditch Lightning Cable
Such studies are conducted to estimate the need for the Commission's own actions and analyze the impacts of the possible options. After this agreement expired in 2012, a new letter of intent was signed by the same companies in 2013 and 2014.
Aftershock rocks Lombok in Indonesia as death toll rises
Another natural disaster has struck the Indonesian island of Lombok as the community battles to recover from Sunday's quake. Indonesia's geological agency said the quake was shallow, at a depth of 12km, centred in the northeast of the island.
Dolphins, Eagles players protest during national anthem
The Giants opened their preseason at home against the Cleveland Browns on Thursday, and Big Blue defensive lineman A.J. The Dolphins players weren't the only ones to renew their protests as the preseason began Thursday night.
Jordan Ayew Completes Loan Switch To Crystal Palace
Ed Dove is a writer and scout who has a deep and enduring passion for African sport, politics and literature. Ayew, 26, was the club's top scorer last season with 11 goals as they were relegated from the Premier League.
GM inks innovative deal to cut employee health care costs
Such plans are less appealing to people who may have complex medical histories and want a wide variety of health care providers. Other prominent USA companies, like Intel and Boeing, have already begun testing direct health care delivery deals.
The World Ends With You Comes to Switch Later This Year
The touchscreen and Joy-Con control methods of the Switch will offer up great gameplay mechanics for The World Ends With You . Vibrant themes of Japanese youth culture, food and fashion are seamlessly integrated into the gameplay and storyline.