-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: Australia Leading Index Above-Trend Growth Momentum Slows
SYDNEY (MNI) - From Westpac-Melbourne Institute's Leading Index for March
published Wednesday.
March February
------------------------------------------------------------------------
Leading Index 97.77 97.99
6-Mo Annualized Deviation From Trend, percentage points +0.69 +1.43
FACTORS: The leading index fell in March reversing much of the gains from
February, thus pointing to slowing in above-trend growth momentum. However, the
drivers for the reversal were mainly domestic factors whereas in February the
increase was due to international factors. The domestic components contributing
to the slowdown included a slowing labor market, some weakness in housing and
rise in short-term interest rates.
TAKEAWAY: The leading continues to point to above-trend growth which is in
line with the Reserve Bank of Australia's expectation but contrasts with
Westpac's own forecast for around trend growth. According to Westpac, RBA will
lower its growth forecast for 2018 to 3.0% from 3.25%.
COMMENTS: Westpac chief economist Bill Evans continues to expect the RBA
will keep the cash rate on hold in 2018 and 2019.
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MALDS$,M$A$$$,M$L$$$,MT$$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.