Tag Archives: AUD

RBA sets up for a cut …

The RBA has set things up to resume the easing cycle that began in 2011 (I never believed in the whole ‘neutral’ thing … see here).  My current view is that the RBA will cut by 50bps in 2015, taking their policy rate … Continue reading

Posted in AUD, monetary policy, RBA | Tagged , | 56 Comments

Trimming is better (CPI edition)

There was some confusion about core CPI yesterday, thanks to the divergence between trimmed mean CPI & weighted median CPI . This is not surprising as they are fairly esoteric concepts. The bottom line is that the trimmed mean is … Continue reading

Posted in AUD, economics, monetary policy | Tagged , , | 15 Comments

two cheers for a strong AUD

The reporting of recent AUD strength is getting a little unbalanced. See here for an example. This tone really gets to me. Movements in the foreign exchange value of the AUD (like movements in any relative price) create winners and … Continue reading

Posted in AUD | Tagged | 32 Comments