INFLATION (FINANCE) – AUSTRALIA

Aussie dives as third-quarter inflation figure surprises

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Original article by Mark Mulligan
The Australian Financial Review – Page: 34 : 29-Oct-15

The Australian dollar was buying $US0.7119 late in trading on 28 October 2015, after starting the session above $US0.72. The currency fell sharply in response to official data showing that the headline and core inflation rates were lower than forecast in the September quarter, which may strengthen the case for further monetary policy easing. Paul Dales of Capital Economics says an interest rate cut is possible in November.

CORPORATES
CAPITAL ECONOMICS LIMITED, RESERVE BANK OF AUSTRALIA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Low inflation corners RBA

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 : 29-Jan-15

Australia’s underlying inflation rate increased by 0.7 per cent in the December 2014 quarter, which was higher than expected. There was an 0.2 per cent increase in the CPI during the quarter, and 1.7 per cent year-on-year. The benign inflation data may strengthen the case for a reduction in the cash rate when the Reserve Bank board meets on 3 February 2015. The central bank may also be swayed by recent monetary policy easing in other countries, which may prompt renewed support for the Australian dollar

CORPORATES
RESERVE BANK OF AUSTRALIA, UBS HOLDINGS PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN BUREAU OF STATISTICS, EUROPEAN CENTRAL BANK

Inflation on track and RBA still likely to tighten with the Fed

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Original article by Alan Mitchell
The Australian Financial Review – Page: 8 : 23-Oct-14

Australia’s CPI data for the third quarter of 2014 suggests that inflation is likely to be at the lower end of the Reserve Bank’s target range by the end of 2015. The central bank expects the underlying inflation rate to fall to about 2.25 per cent per annum in the December quarter. The Australian dollar is likely to continue to weaken against the US dollar if interest rates are raised in the US

CORPORATES
RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD

Australians’ Inflation Expectations fall to 5.0% (down 0.3%)

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 26-Aug-14

A face-to-face Morgan Poll has found that Australian inflation expectations over the next two years fell by 0.3 per cent to five per cent a year in July 2014. This is also 0.3 per cent lower than in June 2013. Analysis by federal voting intention shows that Coalition supporters have the lowest inflation expectations, at four per cent, compared with 5.2 per cent for Australian Labor Party supporters. Roy Morgan Research executive chairman Gary Morgan says the most important policy priority for the Federal Government is to reduce Australia’s high level of unemployment and under-employment if it is to stand any chance of winning the 2016 election

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Mortgage rates hit record lows

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Original article by Jonathan Shapiro|Clancy Yeates|Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 24-Jul-14

Three of Australia’s four major banks reduced their fixed mortgage interest rates on 23 July 2014, after the five-year swap rate fell to just 3.11 per cent in the previous week. The Commonwealth Bank’s five-year fixed rate has fallen to a record low of just 4.99 per cent, with Westpac and National Australia Bank reducing their rates for new customers to the same level. Meanwhile, market watchers expect the Reserve Bank to leave the cash rate on hold after inflation rose to three per cent in the second quarter

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA|WESTPAC BANKING CORPORATION – ASX WBC|NATIONAL AUSTRALIA BANK LIMITED – ASX NAB|RESERVE BANK OF AUSTRALIA|AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ|BELL POTTER SECURITIES LIMITED|BELL FINANCIAL GROUP LIMITED – ASX BFG|UBS HOLDINGS PTY LTD|MALAYSIAN AIRLINE SYSTEMS|AUSTRALIAN BUREAU OF STATISTICS|RATECITY PTY LTD|MOZO PTY LTD|MEMBERS EQUITY BANK PTY LTD|UBANK