the rba expects inflation to remain low for some time. is some willingness of the reserve bank to tolerate inflation. in that respect, 22 of the 28 economists got it completely right. the reserve bank said holding the rate was consistent with sustainable growth and achieving that inflation title at the time. angie? manus: i will pick it up from here. aussieking at the dollar. what did they have to say about the currency? paul: well, there used to be a day when the currency would feature very loud and proud in rba statements. those days have passed so the language has been different. the reserve bank saying the lower exchange rate has helped the sector but it could complicate the economy making adjustments. we have seen the aussie creeping up over the past few months. it did jump when the decision was released a while ago. some comments on housing is one of the reasons for them not wanting to lower the exchange rate -- the cash rate any further. the statement saying considerable supply was coming on strength. they have strengthened standar

the upbeat china forecast from the rba.ad, singapore airlines looking to rein in costs in the face of competition. shareholders fail to click with gopro as investors see a gloomy holiday season. singapore, taipei, all in the next. thesehave a look at how markets are tracking, one direction only, david. direction, the color it away, on gives the way down, especially the nikkei. there is an element of catch up here. trend is down, poised to into the week on a lower note. the week on a lower note. the markets have been edging down for eight straight days. you have the jobs report later on tonight. investors are paring back exposure to risk assets at the moment. markets as you can see on the way down. a lot of this comes down to election jitters ahead of early next week's election. currency markets, one currency moving because of domestic issues, the pound. we will talk more about that later on. we are looking at a 4-5 week i. aussie dollar, the quarterly statement from the rba. it shot up after that. we traced a lot of that mo

rba, run by the governor, leaves rates unchanged at 1.5%. they are talking about a risk outweighsket, which o the cpi. the bank of japan leaves rates unchanged. 2% inflatione target will be met after governor kuroda's term. you have oil at the bottom, $47.10, up 0.5%. goldman sachs says if there is no opec deal, it is on the downside. the estimate for oil is up to $60. let's get across to the bloomberg first word with angie lau. angie: thanks, manus. destabilization of china's economy appears to be taking hold with pmi jumping to a two year high. this top even the most optimistic estimates, but this could mean the central bank holds off further measures after keeping the key rate at a record low for more than a year. and the reserve rate of australia cakept interest rates unchanged, trying to avoid further escalating property prices and household debt. was held at 1.5%. and three of the federal reserve's primary dealers think the central bank will hold off on hiking rates until 2017. rbs and rbc warn the fed will hold until 2017. there is a

thehours from now we get rba. later it's the bok.ry, with the drop in price of oil, which took the -- you're looking at u.s. crude. 46.83. we're looking at a spread roughly about two dollars. well.ng copper as 48.64. a bit later on it will be interesting to see what that number now means for all of these bids. i guess to some extent, massive speculation across the commodities space in china. iron ore is about 500. china raised trading fees for time to makethird it more expensive in that market. just a few things we're watching. a very special number of mething we have not seen in a while. let's leave it there. rishaad: thank you. a reaction to the pmi number, much stronger than expected. haidi: let's go to first world news. paul: the bank of england governor says he will stay in the job until 2019 to help guide the economy through brexit. that actions of months of speculation about his future. they welcomed the decision and the pound hellcats. some conservative lawmakers had criticized his economic warnings ahead of the brexit vote,

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the world interest rate probability index on bloomberg suggests just a 4% cut from the rba in december lowe will be giving a speech in melbourne later this evening. have a look at new zealand in this morning. tower insurance off slightly despite the insurer saying its liability from the quake it yesterday or on monday is going to be just a little over 5 million u.s. dollars. the biggest drop will be rebuilding new zealand's highway. keep an eye on those big friends. more from bloomberg technology, next. ♪ -- >> this is bloomberg technology. i am cory. we spoke with her on the 10 year anniversary of the acquisition and she talked about 1998, larry page, they first set up their office in menlo park garage. >> i wish i could say i picked them out out of all of the students at stanford, come run to my garage. i wish i could tell you that, but it did not work that way. what happened was i bought a house and houses are very expensive in silicon valley and i was eighth didn't, so i wanted someone to help me pay the mortgage. they were looking for space, and they were just, the two of them had

when you have the deterioration that the rba pointed out and you have to be sensible and realistic aboutnd we will see the debt followed by the end of the other parliament but we want to get back into balance. hedid not have to signal, cut up -- could have said the intention and he was right to , he is philip hammond the one of was fiscally very prudent and a reflection of that. and in a portman commitment. anna: you mentioned the fiscal poundsent, 23 billion and i was looking around for reaction to this. some account is welcoming get and some saying how much of it is new money. it is all new.: one of the big decisions was right to borrow and to invest in the potential of the economy, not in consumption but investments. all of this is an investment into infrastructure and investment in research and development in science. the businesses and scientific organizations that i have been speaking to on the last few days , i think of them particularly pleased to see this. what is a difficult time physically -- fiscally tower real term increase in the resources available for innovation and resea

the upbeat china forecast from the rba. ahead,nce