13 February 2017
Over the past week Australian shares were 1.8% higher. Shares in developed countries were 0.5% higher with the US market 0.8% higher. Shares in emerging markets gained 1.2%. The Australian dollar was 0.1% lower at 76.74 US cents. The 10 year bond yield in Australia was 0.09% lower at 2.70% while in the US, the 10 year bond yield closed the week 0.06% lower at 2.41%. The oil price gained 0.1% to 53.86 US dollars per barrel.
The Reserve Bank of Australia (RBA) recently released their quarterly Statement on Monetary Policy. Always full of rich information, there's one table that I particularly wanted to share with you. It looks at interest rates, known as ‘monetary policy’, in different countries around the world.