Internet Banking

Farming publications

Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, Commodities, General

For a bit of utterly useless and non-relevant trivia, it was 100 years ago last Thursday that Albert Einstein formally presented the results of his eight-year study into gravity – the general theory of relativity that set the course for modern physics. Good on you Albert.

Meanwhile, the “relativities” in the marginally less complex (I think) world of financial markets has the US Federal Reserve and the European Central Bank(ECB) policy dispositions as key drivers at the moment. The US Fedis likely to raise rates and the ECB likely to cut rates (or at least announce some further stimulus), I must also highlight that the RBA meets this week to discuss monetary policy.

However, unlike their overseas counterparts, the RBA is almost certain to leave rates unchanged this Tuesday, happy to “chill out” over the Christmas holiday period and come back to work in early February (no meeting in January) armed with more economic data releases to then determine the course of monetary policyin 2016.

Source: Rural Bank


Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879