The current account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The current account is one of the three Balance of Payments sub-balances together with capital account and financial account. The Balance of Payments is the statistical statement that systematically summarizes, for a specific time period, the economic transactions of an economy with the rest of the world. Data are expressed in billion Euro.
Current Account SA
23.1 B EUR
13.5 B EUR R (13.3 B EUR)
For short term indicators, the cycles that are relevant for the economic trends and which by definition have periodicities longer than one year, are generally affected by considerable short-term fluctuations (trend, economic fluctuations, seasonal fluctuations, calendar fluctuations, residual or irregular fluctuations). As a consequence, analysing the current business-cycle phase is quite difficult. To improve the accuracy of the economic trend analyses, it is common to apply mathematical filtering techniques to remove such fluctuations from the time series. So the value becomes Seasonally Adjusted (SA).
RBA Monetary Policy Meeting Minutes
Minutes of the monetary policy meetings of the Reserve Bank Board are published two weeks after each meeting. (The Reserve Bank Board normally meets eleven times each year, on the first Tuesday of each month, except January.)
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