Australia's weak building approvals won't sway RBA to cut rates: BBVA

Worries eased by improving China market.

Australia's building approvals surprised to the downside in December, falling by -4.4% m/m (consensus: +1.0%), from 2.9% the previous month, reports BBVA, but believes this is not enough to convince the central bank to cut rates.

"The soft data points to ongoing sluggishness in the domestic economy, adding to pressure on the RBA to continue cutting interest rates. We nevertheless expect the RBA to keep policy rates on hold tomorrow – a view now shared by the consensus -- in view of improving global prospects, especially in China, for which Australia depends heavily for its commodity demand. The RBA last cut interest rates by 25 bps in December, to 3.0%," said BBVA.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia