In many countries around the world, July is a month of temporary migration among the populace. On the one hand, offices are quieter, and the roads less congested. On the other hand, railway stations and airports are thronged with people. Yes, the holiday season has begun! Globally, there is a ... Read more
Archives for July 2018
Property: the Chinese are back — By Robert Gottliebsen for The Australian
Meriton apartments in Sydney’s Dee Why. Pic: Adam Yip The credit squeeze being imposed by the Australian banks and the surprising changes in China are rewriting the rules in the Australian dwelling market — particularly in Sydney and Melbourne. Suddenly the Chinese are back as investors, ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision
Number 2018-16 Date 3 July 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy ... Read more
We can benefit from a trade war — By Paul Bloxham (HSBC’s chief economist for Australia, New Zealand and global commodities) for The Australian
Australian exports to China are mostly used for domestic purposes. Picture: Bloomberg Trade tensions are on the rise, spooking markets in the East and the West. The surrounding uncertainties could darken the economic outlook. However, there could also be opportunities for ... Read more