NBR Radio: Macroeconomic week in review
Jason Walls provides a wrap up of the week's macroeconomic news and events on NBR Radio, and on-demand on MyNBR Radio.
Join Jason Walls as he gives his analysis on the some of the week’s macroeconomic news on NBR Radio, and on-demand on MyNBR Radio.
China: China has added more liquidity into the market to help spur growth, dropping the reserve requirement ratio (RRR) by 100 basis points.
“The RRR is the percentage of deposits that banks must hold for safe keeping and can’t lend out. So a cut in the RRR percentage means they can lend more and this will help to spur growth.”
Europe: Good news out of Europe, as quantitative easing (QE) looks to be having a positive effect in the market. But there are even more problems out of Greece.
“The IMF says they now expect the eurozone to grow by 1.5% in 2015 – things like business confidence and bank lending are up.”
“In quite a dramatic move, the Greek government issued a decree requiring public bodies, such as state owned companies and public pension funds, to transfer cash reserves to the central bank.”
Australia: The consumer price index (CPI) numbers out this week show better than expected inflation numbers.
“Australia has been going through quite an economic rough patch since the end of the mining boom, so this will be welcome news. However, there is still a wide consensus that rate cuts are still coming in the next meeting.”
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NBR Radio
Fri, 24 Apr 2015
Fri, 24 Apr 2015
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NBR Radio: Macroeconomic week in review
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