Japan’s economy expanded faster than expected in the first quarter, suggesting domestic demand and exports were holding up well before the escalation of the Middle East conflict began weighing on the global outlook. GDP growth accelerated from 0.3% qoq to 0.5% qoq, slightly above expectations of 0.4% qoq. Annualized growth jumped from 0.8% to 2.1%, […]
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Australian Dollar weakened broadly in the Asian session as renewed selloff in regional equities, disappointing Chinese data, and softer near-term RBA tightening expectations combined to undermine sentiment toward the currency. At the same time, elevated Read more…
RBA Chief Economist Sarah Hunter warned that Australia faces rising risks of entrenched inflation as higher fuel prices begin feeding through supply chains and lifting inflation expectations. Speaking at a Bloomberg event today, Hunter said Read more…
Minutes from the RBA’s May meeting suggested policymakers are leaning toward a pause in June after acknowledging that interest rates are now likely in restrictive territory. The Board raised the cash rate by 25bps to Read more…