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Tuesday, October 6, 2009

Australia's RBA Unexpectedly Raises Interest Rates, Signals More to Come

Australia’s central bank unexpectedly raised its benchmark interest rate from a 49-year low and signaled further increases in coming months amid signs the economy is strengthening.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 11
23:30 Monthly Budget Statement 2 $-316B $-325B $258B
Thursday, Jun 12
04:15 Electronic Card Retail Sales (MoM) 1 -0.2% 0.0%
04:15 Electronic Card Retail Sales (YoY) 1 0.9% -0.3% -0.3%
04:31 RICS Housing Price Balance 1 -8% -3% -3%
06:30 Consumer Inflation Expectations 2 5.0% 4.1%
11:30 Industrial Production (MoM) 2 -0.5% -0.7%
11:30 Manufacturing Production (MoM) 2 -0.8% -0.8%
11:30 Industrial Production (YoY) 1 -0.2% -0.7%
11:30 Manufacturing Production (YoY) 1 0.4% -0.8%
11:30 Index of Services (3M/3M) 1 0.7% 0.7%
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