Bitcoin groundbreakers share personal stories of how Bitcoin is changing lives for the better. Host Mauricio Di Bartolomeo, co-founder and CSO of Ledn, speaks with leading Bitcoin voices, entrepreneurs, and human rights advocates to hear their unique journey and practical real-world examples of how Bitcoin has made a positive impact in their lives. Brought to you by Ledn, a leading financial services company built for Bitcoin & digital assets. Ledn offers a suite of lending, saving and tradi ...
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RBA faces tough choice with new CPI data: credibility or persistent inflation?
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Manage episode 431551060 series 2891889
Konten disediakan oleh Proactive Investors. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Proactive Investors atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Today's CPI data may force the Reserve Bank of Australia (RBA) to choose between maintaining credibility and addressing persistent inflation. Joining Jonathan Jackson in the Proactive studio to talk about potential outcomes is StoneX vice president – Derivatives, Everett O’Chee. In its June policy update, the RBA board committed to achieving its inflation target with Michelle Bullock emphasising the need for favourable conditions to reach the 2-3% range. Recent trimmed mean inflation rates were 1.2%, 0.8% and 1%, totalling 3%. A quarterly rate above 0.8% would surpass the RBA's forecast of 3.8% for June 2024. A trimmed mean inflation rate of 1% or higher could necessitate a 25 basis point hike to uphold the RBA's anti-inflation stance. Further hikes may be needed, as a 100bp increase in the cash rate only reduces trimmed mean inflation by 0.20%, according to the RBA's MARTIN model. Inflation has remained high with monthly trimmed mean rates around 4% since December 2023, rising to 4.4% in May. The RBA also faces challenges in maintaining independence from a government implementing tax cuts and fiscal stimulus. Compared to the US, UK and New Zealand, where rates are above 5%, Australia's peak rate is 4.35%, contributing to inflation rates comparable to developing countries. With an annualised trimmed mean inflation rate of 4.0% and a cash rate target of 4.35%, Australia's real rates are only 0.35%, insufficient to control inflation. The RBA is not yet ready to consider easing rates, unlike its developed market peers. Thus, Wednesday's CPI data is critical for the RBA's credibility ahead of the August 6 meeting. #ProactiveInvestors #StoneX #CPIData #RBA #Inflation #EconomicPolicy #InterestRates #MonetaryPolicy #AustraliaEconomy #FiscalStimulus #MichelleBullock #TrimmedMean #EconomicOutlook #RateHike #CentralBank #FinancialStability #GlobalEconomy #DevelopedMarkets #FiscalPolicy #EconomicForecast #MarketTrends #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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615 episode
MP3•Beranda episode
Manage episode 431551060 series 2891889
Konten disediakan oleh Proactive Investors. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Proactive Investors atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Today's CPI data may force the Reserve Bank of Australia (RBA) to choose between maintaining credibility and addressing persistent inflation. Joining Jonathan Jackson in the Proactive studio to talk about potential outcomes is StoneX vice president – Derivatives, Everett O’Chee. In its June policy update, the RBA board committed to achieving its inflation target with Michelle Bullock emphasising the need for favourable conditions to reach the 2-3% range. Recent trimmed mean inflation rates were 1.2%, 0.8% and 1%, totalling 3%. A quarterly rate above 0.8% would surpass the RBA's forecast of 3.8% for June 2024. A trimmed mean inflation rate of 1% or higher could necessitate a 25 basis point hike to uphold the RBA's anti-inflation stance. Further hikes may be needed, as a 100bp increase in the cash rate only reduces trimmed mean inflation by 0.20%, according to the RBA's MARTIN model. Inflation has remained high with monthly trimmed mean rates around 4% since December 2023, rising to 4.4% in May. The RBA also faces challenges in maintaining independence from a government implementing tax cuts and fiscal stimulus. Compared to the US, UK and New Zealand, where rates are above 5%, Australia's peak rate is 4.35%, contributing to inflation rates comparable to developing countries. With an annualised trimmed mean inflation rate of 4.0% and a cash rate target of 4.35%, Australia's real rates are only 0.35%, insufficient to control inflation. The RBA is not yet ready to consider easing rates, unlike its developed market peers. Thus, Wednesday's CPI data is critical for the RBA's credibility ahead of the August 6 meeting. #ProactiveInvestors #StoneX #CPIData #RBA #Inflation #EconomicPolicy #InterestRates #MonetaryPolicy #AustraliaEconomy #FiscalStimulus #MichelleBullock #TrimmedMean #EconomicOutlook #RateHike #CentralBank #FinancialStability #GlobalEconomy #DevelopedMarkets #FiscalPolicy #EconomicForecast #MarketTrends #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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