According to the sources, Central Bank of Australia declared the decision of monetary policy yesterday. When we look at the details of the decision, there is no policy change in the Australian side. Thus, the policy rate was maintained at 1.50 % and the decision was not surprising for the market. The agency took note that the recovery in the global economic conditions continued in the text of the statement issued after the meeting. We can say, Australian economy focus on the production of commodities, so the global conditions of commodities are playing an important role of the trend of Australian economy at the last years. The risk factor for the economy now is that the household debt reached above the income level.
On the other hand, we will look at the American economy's developments briefly. According to the announcement yesterday in the USA, the March manufacturing sector Purchasing Managers' Index, which was finalized at 53.3 points, was slightly below expectations. On the other hand, the employment index of the industry rose from 54.2 to 58.9 points in March, indicating that the recovery in the labor market was ongoing.
- Date: 04 April 2017 Tue 06:57
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