The latest in inflation from the ABS reveals a higher level of underlying inflation, despite the4 base effects people were expecting to see. As result, the expectation for a further round of rate hikes extended in Australia, as the energy and gas prices continue to climb.
That said, some optimistic market analysts are call for rate cuts later in the year – but in your dreams… I am thinking!
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Where should accountability lay for the decisions of the Central Bank? There are many arguing that more independence is needed, so politicians can claim arms length influence only. On the other hand to date, this approach has not been working, and in a New Daily article Alan Kohler makes some interesting observations.
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Digital Finance Analytics (DFA) Blog
If The RBA Were A Company, The Governor Would Be Out Of A Job! [Podcast]
Access to cash is an essential requirement for businesses and households, and this aspect of the current Senate review into Regional Branch Closures is a critical issue.
This same issue is playing out in the UK, and today we look at a recent report which highlights some essential issues. This needs to be incorporated into the Senate’s current thinking.
A further deeper dive into the RBA Review recommendations. I felt it was more like blancmange, than a piece of innovative reform – not least because the proposed structural separation and targetting are close to that used by other Central banks, who make precisely the same mistakes as our own.
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Dale Webster has been highlighting the significance of rising online fraud in the context of bank branch closures, and we discuss her recent submission to the current inquiry. Poor mobile coverage in the bush makes two factor identification laughable, and yet banks are paying tellers to push them online.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
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Digital Finance Analytics (DFA) Blog
Why Closing Branches Leads To More Online Fraud... [Podcast]
The RBA Review has been released, and I discuss the recommendations with Robbie Barwick from The Citizens Party, which will removed important powers from Government and reaffirms the neoliberal philosophy which has undermined our economy for years.
The final week for submissions to the Regional Banking Inquiry also offers an important opportunity to make the case for a National Postal Bank, as an antidote to the banking drive to control our lives.
The latest UK inflation statistics surprised to the upside, baking in more rate rises. Again, the pattern is different from what markets expected, so they repriced future rate expectations.
More evidence against those hoping for rate cuts anytime soon.
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In my final show from Australia, I consider the latest outlook for the financial system, ahead of decisions from the FED and Bank of England as markets try to navigate the uncertain signals coming to the surface. It may be calmer for now, but the question is, is this the calm before the storm?
And I will be back from the other side of the world in a few days as things progress with more shows on property and finance.
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Digital Finance Analytics (DFA) Blog
All Is Calm - But Is It The Calm Before The Storm? [Podcast]
