Highlights: The global economy lost some momentum in the March quarter, but fundamentals remain robust. US core inflation measures are rising, which is flowing through to longer-term expectations and pushing yields higher. The threat of a trade war between the US and China continues to be a source of significant uncertainty for markets. Australians will…
2018 Federal Budget Analysis
By upwealth
In
Economic Update
Summary of Budget measures Note: These changes are proposals only and may or may not be made law. From 1 July 2018 Low and middle income earners are to benefit from tax savings of up to $530 per person (or $1,060 per couple). The Medicare Levy will remain at 2%. The $20,000 instant asset write-off…
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, May 2018
By upwealth
In
Economic Update
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the…