Free Trial

MNI INTERVIEW: RBA Targets More Real-time Data

(MNI) Melbourne

The RBA will look to incorporate more real-time economic data.

The Reserve Bank of Australia wants to make greater use of real-time metrics and would benefit greatly from more immediate services-sector data in future as it works to more accurately gauge the state of the economy and inform its monetary-policy decisions, a former RBA economist told MNI.

Luke Hartigan, now a lecturer at the University of Sydney, said the RBA board has less immediate official insight into services compared to the goods sector, with the most comprehensive reading only available when the Australian Bureau of Statistics releases its quarterly National Accounts.

Keep reading...Show less
469 words

To read the full story

Close

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.

The Reserve Bank of Australia wants to make greater use of real-time metrics and would benefit greatly from more immediate services-sector data in future as it works to more accurately gauge the state of the economy and inform its monetary-policy decisions, a former RBA economist told MNI.

Luke Hartigan, now a lecturer at the University of Sydney, said the RBA board has less immediate official insight into services compared to the goods sector, with the most comprehensive reading only available when the Australian Bureau of Statistics releases its quarterly National Accounts.

Keep reading...Show less