Australia consumer confidence off multi-year low but econ conditions view further down
By Sophia Rodrigues
Published On 03 Dec 2019 , 10:04 AMConsumer confidence rose 1.2% in the week to Dec. 1 to 108.1, marking the first rise in four weeks but remained well below the long-run average of 113.1, data from ANZ-Roy Morgan showed. While a part-rebound in "Time to buy a household item" was a positive, the disappointment was further drop in view on economic conditions next year. This sub-index fell to 85.7 from 89.4, and was well below long-run average of 105. This sub-index is the one the RBA would be watching closely because it might signal that any futher cut in cash rate would be viewed with pessimism about the economy, and would thus be counterintuitive.
LATEST SNIPPETS
RBA tapers bond-buying to A$1.5B
The RBA is reducing its bond-buying further today, notifying an amount of A$1.5 billion, compared with A$2.0 billion...
Published on : 09 Apr 2020 , 12:10 PMRBA Governor Lowe to deliver speech/Q&A on April 21
The RBA governor Philip Lowe will deliver a speech on April 21 on the day the minutes of the April 7 board meeting is...
Published on : 08 Apr 2020 , 10:51 AMRBA buys A$2B govt bonds mainly in 2025, 2024
The RBA bought the entire A$2 billion of April 2024-April 2026 government bonds today, focusing mainly on the 2025 an...
Published on : 07 Apr 2020 , 04:39 PMRBA buying A$2B 2024-2026 bonds today
The RBA is buying government bonds at the short to medium end, with an announcement today to purchase A$2.0 bill...
Published on : 07 Apr 2020 , 12:28 PMRBA buys more of May 2028 govt bonds
The RBA bought the entire A$2 billion it offered to purchase today, focusing mainly on May 2028 bond. The cut-off yie...
Published on : 06 Apr 2020 , 04:08 PMRBA buying A$2B 2027-2028 government bonds
The RBA's bond-buying program continues to be a daily event, with an announcement today to purchase A$2.0 billion...
Published on : 06 Apr 2020 , 11:54 AMRBA bond-buying fails to resolve 3-5yr steepening
The Reserve Bank of Australia's bond-buying auction today for the same amount and bonds as yesterday has resulted...
Published on : 03 Apr 2020 , 04:07 PMRBA announces identical bond-buying for second day
For the first time since it began bond-buying in the secondary market on March 20, the RBA has announced same purchas...
Published on : 03 Apr 2020 , 11:51 AMRBA A$2B bond-buying today concentrated in 2024-25
The RBA bought the entire A$2 billion it has notified for purchasing Australian government bonds today.
Bel...
Published on : 02 Apr 2020 , 06:13 PMRBA's Sells US$600m at USD repo auction
The Reserve Bank of Australia’s second repo auction to provide US dollars generated some demand this week...
Published on : 02 Apr 2020 , 04:02 PM