Macro View | James Foster
Independent Australian and global macro analysis
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Friday, October 8, 2021
Macro (Re)view (8/10) | RBA patient; US payrolls disappoint
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As reopenings draw closer, the RBA remained upbeat on the outlook for the domestic economy at this week's meeting where all settings rem...
Tuesday, October 5, 2021
Australian retail sales fall further on lockdowns
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Australian retail sales continued to fall with state lockdowns restricting household spending. Sales in August were down a further 1.7%, ta...
RBA reaffirms dovish patience
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As expected, the RBA left all monetary policy settings (0.1% targets on the cash rate and 3-year government bond yield and QE purchases of $...
Monday, October 4, 2021
Australia's trade surplus surges through $15bn in August
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The surplus on Australia's monthly trade account has reset to a new record high for the third month running rising to $15.1bn in August....
Preview: RBA October meeting
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With QE switched onto autopilot for the summer as the RBA waits for the reopening of state economies to put the recovery back on track, mone...
Friday, October 1, 2021
Macro (Re)view (1/10) | Leaving Q3 behind
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A volatile September quarter drew to a close during the week, a period that saw a resurgent virus, growth concerns, rising inflation and ten...
Thursday, September 30, 2021
Australian housing finance down 4.3% in August
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Australian housing finance commitments fell by more than expected in August, posting their steepest decline since May 2020 with key policy s...
Wednesday, September 29, 2021
Australian dwelling approvals rise 6.8% in August
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Australian dwelling approvals lifted for the first time since the expiry of the HomeBuilder scheme posting a 6.8% rise in August. That def...
Friday, September 24, 2021
Macro (Re)view (24/9) | Paths to policy normalisation
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In a policy-heavy week, meetings at 6 of the G10 central banks, as well as several in emerging markets, featured. As the OECD outlined i...
Friday, September 17, 2021
Macro (Re)view (17/9) | Strength in resilience
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The sharp deterioration in the Australian economy since the middle of the year following the rise of the Delta variant and broad-based lockd...
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