Aug 03 2017
He said Dr Lowe's reference to higher commodity prices against the backdrop of expected weaker terms of trade also indicated the RBA was unconvinced a recent bounce in commodity prices was sustainable.
Although they noted that "an appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than now forecast", at its current level, the AUD has not materially affected their forecasts.
But he warned that recent rise in the Australian dollar "is expected to contribute to subdued price pressures in the economy" as well as "weighing on the outlook for output and employment".
The Dow Jones was up 34 points but U.S. tech stocks dragged the broad S+P 500 down 0.1 per cent thanks to Amazon's weaker than expected results on Thursday night. Investors in residential property are facing higher interest rates.
RBA last cut rates in August 2016, when it made a decision to trim 25 basis points to avoid the risk of deflation.
He said the economy was still expected to grow at an annual rate of three per cent for the next few years but stressed that forecast may change should the Australian dollar continue to rise.
Doklam standoff: Western media is 'biased' towards India, says Chinese newspaper
The crisis erupted after Indian and Bhutanese troops foiled an attempt by the Chinese Army to encroach on a disputed enclave. Amid the stand-off in Doklam, Chinese soldiers transgressed into the disputed territory along the global border with India.
Van hits diners on Los Angeles sidewalk restaurant, 8 injured
Some people were lying with broken limbs, while another bled profusely from his head under pieces of furniture and fencing. He had been dining with his daughter, who looked about 10 years old and was not injured, she said.
Usher Faces A New Lawsuit For Allegedly Exposing Another Woman To STD
Although, "Jane" does not state in her lawsuit that she is infected, she has concerns about being exposed to the virus. The woman chose to file suit after learning about a case where Usher allegedly admitted to having Herpes Simplex 2.
While retail sales have recently rose, slow growth in real wages and huge household debt may possibly restrain the increase in spending.
And he did point to the disturbing trend that "growth in housing debt has been outpacing the slow growth in household incomes".
The Australian share market is expected to start the week higher, bouncing back from Friday's 1.4 per cent plunge on the back of concerns about the United States economy and the direction of U.S. government policy.
"Our view remains that the RBA will be on hold for the next year at least, with risks around the consumer, a housing slowdown, inflation and the Australian dollar preventing hikes but a fading in the drag from the mining investment slump and solid employment growth heading off cuts".
One bright spot for the economy is the prospect of recovery in business investment spending. Higher prices for electricity and tobacco are expected to boost CPI inflation.
The governor noted jobs growth has been stronger over recent months and was expected to continue strengthening but said wages growth remains low and is expected to stay that way for some time.
Nicholas Gruen, CEO of Lateral Economics, was far more succinct when explaining why he believed rates would remain steady.
Aug 02 2017
LG V30 : launch August 31, 2017
This upcoming smartphone can well be considered as a worthy competitor to Samsung's upcoming flagship Galaxy Note 8 . However, a source familiar with the matter has stated that the LG V30 will also be released in the # United States .
Aug 01 2017
Younis Khan says yet to receive prize money announced by Nawaz Sharif
PTI Chairman Imran Khan will address the gathering which will be held at Islamabad's Parade Ground. Former skipper Younis Khan is the only Pakistani batsman to score 10,000 runs in Test cricket.
Jul 31 2017
Daniel Cormier breaks silence on 'disappointing' UFC 214 loss to Jon Jones
The fight was competitive early on, as Jones opened up with a bevvy of kicks, attacking Cormier's body and legs. He is a model champion, and I aspire to be more like that man.
Jul 29 2017
Protesters call for ending Jordan peace treaty with Israel
The ministry said the incident began when two Jordanian workmen arrived at the residential building to replace furniture. The Israeli Embassy has refused to release the guard to the Jordanians for questioning, saying he has immunity.
Jul 28 2017
Maduro censures new U.S. sanctions on Venezuela as 'illegal'
More than 100 people have been killed in protest-related violence, since nearly daily anti-government protests began on April 1. He has warned the Organization of American States not to intervene in Venezuela , saying that would surely bring on civil war.
Jul 26 2017
'American Horror Story: Cult' Reveals Sarah Paulson and Evan Peters' Lovers
His latest giveaway? Why, only the character and love interest of everyone's all-time favourite, Evan Peters . Now, Ryan Murphy has revealed a little bit more information about the upcoming series in a Twitter Q&A.
Jul 25 2017
Beijing to 'step up' troop deployment
Wu urged India to immediately withdraw it troops, describing the request as a prerequisite to resolving the situation. China on Monday warned India to not "harbour any illusions" about the country's ability to defend its territory.
Jul 24 2017
Wonder Woman Movie Gets Official Sequel Announcement- It's Coming!
No release date for the " Wonder Woman " sequel was announced. "I'm working right now on the Wonder Woman 2 script". It doesn't matter that the film's (highly-talented) director is a woman.
Jul 24 2017
Muslim-Arab Killed by Own Explosive Device as Jerusalem Riots Continue
Tensions over the site, known to Muslims as Haram al-Sharif and to Jews as the Temple Mount, have surged in recent days. Three Israelis were killed on Friday in a stabbing attack by a Palestinian in a West Bank settlement.
Jul 23 2017
Weekly Review: Sensex, Nifty hit new peak during the week
The broader NSE index closed up 0.42 percent at 9,915.25, while the benchmark BSE index finished 0.39 percent higher at 32,028.89. Wipro , India's third-largest IT firm, surged most by 6.47 per cent as the company's earnings yesterday beat Street expectations.
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Jul 25 20171 killed, 2 wounded at Israeli embassy in Jordan
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