Australia's easing cycle may have ended already: BBVA

RBA keeps policy rate at 3.25%.

Here's more from BBVA:

Today the Reserve Bank of Australia kept its policy rate unchanged at 3.25% at its November’s monetary policy meeting, in line with our expectation but against the market’s consensus of a 25bps rate cut. The Australian dollar rose strongly after the surprise decision (by +0.6% to 1.042 against the USD).

RBA Governor Glenn Stevens said in a statement, “with prices data slightly higher than expected and recent information on the world economy slightly more positive, the Board judged that the stance of monetary policy was appropriate for the time being.”

Risks to the global economy, particularly in the US and China, seem more balanced recently in spite of downside risks posed by the European debt crisis, the RBA said.

On the other hand, the RBA estimates that Australia’s economy has grown close to trend before resources investment, Australia’s main growth driver, likely peaks in 2013.

On the monetary policy front, the RBA said that monetary policy has become more accommodative over the past year as borrowing costs remain low. Taken as a whole, we think that Australia’s easing cycle may have ended, especially if the global economy continues to improve.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia