Fri Mar 28 12:30:00 UTC 2025: **Westpac Releases Weekly Economic Forecast: RBA to Hold Rates, Global Data in Focus**
SYDNEY, AUSTRALIA – October 26, 2023 – Westpac Institutional Bank today released its weekly economic analysis and forecasts, highlighting key data releases for Australia, New Zealand, and the global economy. The report, “Australia and NZ Weekly,” focuses on several key areas.
Regarding Australia, the report predicts the Reserve Bank of Australia (RBA) will hold interest rates steady at its upcoming meeting. Other key Australian data points to be watched include retail sales, dwelling approvals, and a household spending indicator.
New Zealand’s economic performance is also under scrutiny, with the report examining building consents, ANZ commodity prices, and business confidence figures.
The global economic outlook is assessed through analysis of data from major economies including China (Manufacturing and Non-Manufacturing PMIs), the Eurozone (HICP and unemployment rate), and Japan (Q1 Tankan Manufacturing Survey, industrial production, unemployment rate, and household spending). US non-farm payrolls and ISM PMIs will also be closely monitored, along with Federal Reserve commentary.
The report emphasizes that the information provided is for general informational purposes only and does not constitute financial advice. Investors are urged to seek independent professional counsel before making any investment decisions. The full report is available for download from [insert link here].
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