At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent maintain the target of 10 basis points for the April 2024 Australian Government bond continue to purchase government securities at the rate of $5 billion a week until early September…

Highlights: The Australian share market finished the fiscal year with its best performance since inception, with the market gaining 23.9% over the past 12 months (on a capital return basis beating even the 23.7% seen in FY 2007). US employment surprised as non-farm payrolls came in well above expectations, despite a slight increase in the…

At its meeting today, the Board decided to: retain the April 2024 bond as the bond for the yield target and retain the target of 10 basis points continue purchasing government bonds after the completion of the current bond purchase program in early September. These purchases will be at the rate of $4 billion a week until…

Highlights: Markets extended gains for the month as accommodative monetary and fiscal policies continued to support markets. US employment disappointed as non-farm payrolls came in below expectations despite a fall in the unemployment rate. Economic data continues to surprise to the upside in Europe as progress is made on the Covid-19 vaccine rollout across the…

At its meeting today, the Board decided to maintain the current policy settings, including: the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond; the parameters of the government bond purchase program; and the rate of zero per cent on Exchange Settlement balances. The global economy is continuing…

Which key events have been driving markets? Watch this video with Senior Economist Bob Cunneen to find out.

Highlights: Investors extended expectations of accommodative monetary and fiscal policies following signs of a slowdown in the US recovery. US President Biden is believed to be setting a new vaccination goal to have the first dose delivered to 70% of adults by July 4. Europe has enjoyed better than expected economic data and a decline…

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The global economy is continuing to recover…

Senior MLC economist Bob Cunneen discusses which key events have been driving markets. In this video, Bob discusses: why global shares delivered a strong 3.5% positive return for March, how the global economy is performing, why Australian shares delivered a solid 2.3% gain, and how the Australian economy is travelling.

Highlights: The vaccine rollout and vast sums of fiscal and monetary support are helping to accelerate economic growth and restore confidence. Global trade was disrupted when a giant container ship became lodged in the Suez Canal; Lloyd’s List estimated the loss of trade at around US$400 million per hour. European leaders are contending with a…