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Reserve Bank forecast that non-farm GDP would grow by a buoyant 3.25 per cent in 2010...The RBA predicted underlying inflation, its key target, would grow 2.75 per cent...Those erroneous forecasts drove the Reserve's decision to raise interest rates
Westpac's chief economist Bill Evans has shifted his forecast for the next official interest rate rise from September to June, while ANZ's economists moved their prediction from July to June. Mr Evans says the Reserve Bank has expressed greater
A Federal Reserve official says the central bank should raise interest rates this year to guard against inflation. Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis, is part of a vocal minority that thinks the Fed will need
Story continues below It is for that reason, as much as any of the multitude of others, the Reserve Bank is likely to hold off on raising interest rates this morning. For the past decade, a Mexican wave of volatility has run through financial markets.
Members of Montclair High School's Fed Challenge team display the Lafayette College Fed Challenge Invitational trophy they won in March. Teams from Montclair High School won top honors in the Fed Challenge and took second place in the Euro Challenge
Story continues below The debate between the RBA and Prime Minister Julia Gillard's government centres on the wages the RBA needs to pay to keep officials in public service in a nation with the world's sixth-highest gross domestic product per capita.
00 29/04/2011 The economy is more resilient than first thought after the big Christchurch earthquake, with a springboard recovery in prospect and rising interest rates by the end of the year, ANZ Bank economists say. Westpac Bank believes the Reserve
This is particularly so given cyclone-related price rises for fruits and vegetables are likely to spill over into this quarter's inflation reading too. The Reserve Bank will release fresh forecasts in its next Statement on Monetary Policy , which is
The move, while in line with what markets were expecting, saw the U.S. dollar continue to slide after Fed chairman Ben Bernanke downplayed inflationary pressures from commodities and fuel as "transitory". The dollar index, a measure of the greenback
01 A prediction the Reserve Bank will hold the Official Cash Rate at 2.5% until later in the year...New Zealand chief economist Paul Bloxham says with commodity prices boosting incomes, which will encourage more investment, the economy will start to