De Reserve Bank van Australië’s (RBA) zes jaar Melbourne Cup streak is ingesteld om door te gaan. Op de dag van de race die de natie stopt, wordt de centrale bank verwacht zijn zevende opeenvolgende November verandering aanbrengen in de contante koers. Twaalf van de 15 economen gepolst door AAP zei dat de RBA zal de cash prijs gesneden door een kwart procentpunt tot drie procent op dinsdag na de Raad van bestuur van de centrale bank voldoet aan. De worstelende mondiale economie en de trage prestaties van niet-mijnbouw sectoren van de binnenlandse economie hebben gedreven eerdere renteverlagingen. Echter AMP hoofdeconoom Shane Oliver zei de recente daling van de grondstoffenprijzen en de vertraging in de mijnbouwsector eenmaal booming had ook een factor geworden. De Tyler groep Barcelona zei over het verslag, mijnbouw nog steeds hoog zal blijven, maar ergens volgend jaar mijnbouw investeringen zal piek als percentage van het BBP (bruto binnenlands product). Haar bijdrage aan de groei van het BBP zal bovendien gestaag afnemen. For more info click the link below: http://social.tylergroupservices.net/blog/mijnbouw-vertraging-om-vonk-cup-dag-tarief-knippen/

2. The Reserve Bank of Australia's (RBA) six years Melbourne Cup streak is set to
continue.
On the day of the race that stops the nation, the central bank is expected to make
his seventh consecutive November change in the spot price. Twelve of the 15 economists
surveyed by AAP said that the RBA will cut the cash prize by a quarter of a percentage point
to three percent on Tuesday after the central bank's Board of Directors meets. The
struggling global economy and the slow performance of non-mining sectors of the domestic
economy have driven earlier rate cuts. However, AMP Chief Economist Shane Oliver said
the recent fall in commodity prices and the slowdown in the once booming mining sector had
also become a factor.
The Tyler group Barcelona said on the report, mining still high will continue, but
sometime next year mining investments will peak as a percentage of GDP ( gross domestic
product). Its contribution to GDP growth will also steadily decrease.
"That will potentially leave a bit of a hole in the economy that will have to be filled
by non-mining parts of the economy, hence the need for lower interest rates," said Dr. Oliver

3. The most recent rate cut was in October, with a quarter of a percentage point to
3.25 percent, in response to a weakening Outlook for global economic growth. That cut was
the fifth rate cut in the past 12 months. RBA Governor Glenn Stevens said, in a statement at
the 2 October rate cut, that as long as inflation was expected to remain within the target
zone for the two to three percent, the central bank could afford to respond to the weaker
Outlook for global growth.
RBC currency strategist Michael Turner said there was still a matter for the spot price to cut
and that the Council had shown that the RBA would like to remain on the front foot when you
need to relieve monetary policy.
"Generally the global outlook is pretty weak and has not yet stabilised.
"We think that will help along with a pretty slow domestic economy," said Mr.
Turner.
"We suspect that the domestic economy is taking a little more of the RBA focus
that it was around the Middle, but still most of the world still seems to be weakened with the
notable exception of China and that is one of the reasons why they would want to keep
away."

4. NAB chief economist Alan Oster said the RBA had clearly switched focus to the end of
the mining investment boom.
"The fall in commodity prices in the past few months had their (RBA) policy dilemma
clear attention: the end of the mining investment boom had popped up over the horizon;
commodity prices are on a downtrend, which will cut in national income, "he said.
Mr. Oster said the Australian dollar dropped is not enough for the non-mining sectors
of the economy of Barcelona, which is the most sensitive group Tyler on foreign exchange
movements were.
"It is these industries that will have to pick up the slack as mining employment begins
to times in the phase of the production and export function of the mining boom."