RBA: SMP November 2010-List of tables

List of tables

Table 1: Commodity Price Growth

Table 2: Policy Rates

Table 3: Changes in International Share Prices

Table 4: Changes in US Dollar against Selected Currencies

Table 5: Selected Economies Foreign Exchange Reserves

Table 6: Australian Dollar against Selected TWI Currencies

Table 7: Demand and Output Growth

Table 8: National Housing Price Growth

Table 9: Intermediaries' Variable Lending Rates

Table 10: Financial Aggregates

Table 11: Sectoral Movements in the ASX 200

Table 12: Measures of Consumer Price Inflation

Table 13: Wage Price Index Growth by State

Table 14: Median Inflation Expectations

Table 15: Output Growth and Inflation Forecasts

Table B1: East Asia – Summary of Recent Property Market Policies

Table 1: Commodity Price Growth Per cent, SDR terms
	Since end July 2010	Since end October 2009
(a) Export prices; RBA estimates for recent months (b) Average of WTI and Tapis crude oil prices Sources: Bloomberg; RBA
RBA index	1	45
– Excluding bulk commodities	7	26
Bulk commodities	−4	68
– Coking coal^(a)	−3	53
– Iron ore^(a)	−6	97
– Thermal coal^(a)	1	31
Rural	18	36
– Sugar	40	63
– Wheat	15	42
– Other	15	29
Base metals	10	25
Gold	10	30
Oil^(b)	6	12

Table 2: Policy Rates
	Current level Per cent	Most recent change		Cumulative increase Basis points
Source: central banks
Euro area	1.00	↓	May 09	–
Japan	0.05	↓	Oct 10	–
United States	0.125	↓	Dec 08	–
Brazil	10.75	↑	Jul 10	200
Canada	1.00	↑	Sep 10	75
China	5.56	↑	Oct 10	25
India	6.25	↑	Nov 10	150
Indonesia	6.50	↓	Aug 09	–
Israel	2.00	↑	Sep 10	150
Malaysia	2.75	↑	Jul 10	75
Mexico	4.50	↓	Jul 09	–
New Zealand	3.00	↑	Jul 10	50
Norway	2.00	↑	May 10	75
Russia	7.75	↓	Jun 10	–
South Africa	6.00	↓	Sep 10	–
South Korea	2.25	↑	Jul 10	25
Sweden	1.00	↑	Oct 10	75
Switzerland	0.25	↓	Mar 09	–
Taiwan	1.50	↑	Oct 10	25
Thailand	1.75	↑	Aug 10	50
Turkey	7.00	↓	Nov 09	–
United Kingdom	0.50	↓	Mar 09	–

Table 4: Changes in US Dollar against Selected Currencies Per cent
	Since mid 2008 trough	Since previous Statement
Sources: Bloomberg; Board of Governors of the Federal Reserve System
Japanese yen	−23	−6
Thai baht	−11	−7
South African rand	−10	−6
Philippine peso	−6	−6
Singapore dollar	−5	−5
Malaysian ringgit	−4	−3
Swiss franc	−4	−8
Australian dollar	−3	−9
Indonesian rupiah	−2	0
Chinese renminbi	−2	−1
New Zealand dollar	−1	−6
New Taiwan dollar	0	−4
Canadian dollar	0	−1
Indian rupee	3	−4
Brazilian real	7	−3
South Korean won	10	−5
Swedish krona	10	−8
European euro	13	−7
Mexican peso	19	−2
UK pound sterling	25	−1
Majors TWI	3	−4
Broad TWI	4	−3

Table 5: Selected Economies Foreign Exchange Reserves As at end September 2010
	Three-month-ended change		Level
	US$ billion	Per cent	US$ billion
Sources: CEIC; Thomson Reuters
China	194	8	2,648
Japan	56	6	1,052
Russia	25	6	448
Brazil	22	9	268
Taiwan	18	5	381
Thailand	16	11	157
South Korea	15	6	285

Table 6: Australian Dollar against Selected TWI Currencies Per cent
	Change since May trough	Change since previous Statement	Deviation from post-float average
Sources: Bloomberg; Thomson Reuters; WM/Reuters
US dollar	23	10	38
Chinese renminbi	20	8	42
Indonesian rupiah	19	9	133
Indian rupee	17	6	65
Canadian dollar	16	8	8
Malaysian ringgit	16	7	38
Thai baht	13	1	25
South Korean won	13	4	60
Singapore dollar	12	4	4
Japanese yen	11	3	−13
UK pound sterling	10	8	39
European euro	9	2	7
South African rand	6	4	52
New Zealand dollar	5	3	5
Swiss franc	4	1	−8
TWI	15	6	25

Table 7: Demand and Output Growth Per cent
	June quarter 2010	Year to June quarter 2010
(a) Contribution to GDP growth Source: ABS
Domestic final demand	1.3	5.3
– Private demand	1.4	3.0
– Public demand	1.2	13.1
Change in inventories^(a)	−0.7	0.5
GNE	0.6	5.8
Net exports^(a)	0.4	−2.5
GDP	1.2	3.3
Nominal GDP	3.6	10.0

Table 8: National Housing Price Growth^(a) Per cent
	3 months to June 2010	3 months to September 2010	Year to September 2010
(a) ABS and APM regional data are quarterly; all other data series are monthly (b) Detached houses only Sources: ABS; APM; RBA; RP Data-Rismark
Capital cities
ABS^(b)	2.0	0.1	11.5
APM	1.2	−0.1	10.1
RP Data-Rismark	0.7	−0.4	7.9
Regional areas
APM	0.6	−0.6	5.3
RP Data-Rismark^(b)	0.9	−1.9	2.7

Table 9: Intermediaries' Variable Lending Rates Per cent
		Change since:
	Level at 31 Oct 2010	August Statement	Mid 2009
Sources: ABS; APRA; Canstar Cannex; Perpetual; RBA
Housing loans
Prime full-doc	6.82	0	1.63
Prime low-doc	7.48	0	1.68
Personal loans	12.64	0	1.70
Small business
Term loans
– Residentially secured	8.59	0	1.51
– Other security	9.35	0	1.45
Overdraft
– Residentially secured	9.45	0	1.56
– Other security	10.31	0	1.50
Average actual rate	8.61	0	1.49
Large business
Average actual rate, variable and bill funding	6.72	−0.08	1.70

Table 12: Measures of Consumer Price Inflation Per cent
	Quarterly		Year-ended
	June quarter 2010	September quarter 2010	June quarter 2010	September quarter 2010
(a) Volatile items are fruit, vegetables and automotive fuel Sources: ABS; RBA
CPI	0.6	0.7	3.1	2.8
– Tradables	1.0	0.2	1.4	1.4
– Tradables (excl food, fuel and tobacco)	−0.1	0.4	−1.1	−1.0
– Non-tradables (excl deposit & loan facilities)	0.4	1.2	4.0	3.8
Selected underlying measures
Trimmed mean	0.5	0.6	2.7	2.5
Weighted median	0.5	0.5	2.7	2.3
CPI excl volatile items^(a) and deposit & loan facilities	0.7	1.1	2.8	2.9

Table 13: Wage Price Index Growth by State Per cent
	2009	2010^(a) (annualised)
(a) State data are seasonally adjusted by the RBA Sources: ABS; RBA
New South Wales	2.9	3.3
Victoria	2.7	2.7
Queensland	3.2	3.8
South Australia	2.4	3.9
Western Australia	3.0	4.1
Tasmania	3.7	3.6
Australia	2.9	3.3

Table 14: Median Inflation Expectations Per cent
	Year to June 2011			Year to June 2012
	May 2010	August 2010	November 2010	August 2010	November 2010
(a) RBA survey (b) Workplace Research Centre
Market economists^(a)	3.0	3.2	3.0	2.8	3.1
Union officials^(b)	3.0	3.0	3.0	3.2	3.0

Table 15: Output Growth and Inflation Forecasts^(a) Per cent, over year to quarter shown
	June 2010	Dec 2010	June 2011	Dec 2011	June 2012	Dec 2012	June 2013
(a) Technical assumptions include A$ at US$1.00, TWI at 74, WTI crude oil price at US$87 per barrel and Tapis crude oil price at US$90 per barrel Sources: ABS; RBA
GDP growth	3.3	3½	3½	3¾	3¾	4	4
Non-farm GDP growth	3.3	3¼	3¼	3¾	3¾	4	4
CPI inflation	3.1	2¾	2¾	2¾	2¾	3	3
Underlying inflation	2¾	2½	2½	2¾	2¾	3	3

Table B1: East Asia – Summary of Recent Property Market Policies
Economy	Policy Measures
Sources: central banks; government authorities
China	Investors to pay a minimum 50 per cent deposit on property purchases (previously 40 per cent) Owner occupiers to pay a minimum 30 per cent deposit (previously 20 per cent on purchases of apartments less than 90 square metres) Minimum interest rate on investor loans increased to 1.1 times the benchmark lending rate Reduction in mortgage rate discounts for first home buyers Loans for the purchase of third (or more) properties prohibited Limits on property purchases in areas where housing supply is particularly tight
Hong Kong	Maximum loan-to-valuation ratio of 60 per cent on properties valued above HK$12 million For properties valued below HK$12 million, loans are capped at the lower of HK$7.2 million or 70 per cent of the valuation of the property Debt servicing ratios capped at 50 per cent (previously 60 per cent)
Singapore	Expiry of stimulus-related property tax rebate Sellers to pay stamp duty on the sale of any property sold within three years of purchase (was one year when the stamp duty was initially introduced in April 2010) Cash deposit requirements for the purchase of second properties increased
Taiwan	Loans not to exceed 70 per cent of the collateral used to purchase second properties in certain areas Banks cannot grant additional loans on same collateral Mandated that all mortgages should require some repayment of principal