RBA's Ellis - Starting to see spill over effect from public infrastructure spending

Comments from RBA Assistant Governor Ellis crossing the wires via Reuters-

  • Starting to see spillover effect from public infrastructure spending onto non-mining private sector
  • Watching energy policy developments in Australia
  • Expect retail electricity prices will add to CPI in coming quarters
  • Electricity prices not a dominant factor in household spending, but will add to headline inflation

PBOC sets the Yuan reference rate at 6.5883

The People's Bank of China (PBOC) set the Yuan reference rate at 6.5883 vs. Monday's fix of 6.5839 
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IEA’s Birol: US shale output to match Iraq production in 7 years

Livesquawk reports comments from Dr. Fatih Birol, Executive Director, International Energy Agency (IEA), predicting that the US shale oil output wil
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