Stephen Koukoulas, Managing Director of Market Economics has analysed the collection of monthly charts released by the RBA following its interest rate policy meeting. He highlights one key chart showing the share of Australian exports by destination, showing the meteoric rise of China as a trading partner in the last 15 years. The country now buys around 25% of Australian exports compared to only 5% in the year 2000. Koukoulas then discusses a range of other charts from GDP growth and inflation to the housing market and terms of trade. He also covers labour input along with yields on government bonds, business lending rates and non-performing bank loans. From the plethora of other charts, Koukoulas concludes that most of the indicators are pointing upwards for Australia, supporting the RBA's decision to leave rates on hold earlier this week. (VIEW LINK)
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