The Australian dollar stole the limelight on Tuesday, surging over half a US cent after Australia’s central bank surprised some traders by dropping its bias towards easing rates.Tuesday, 4 February, 2014, 1:58pm
The laudable desire of Australians to be well educated and healthy is proving an expensive one, as escalating costs add to inflationary pressures even as the broader economy slows.
The stubbornness of domestic inflation is proving most unwelcome to policymakers who want to keep interest rates at rock-bottom levels as Australia struggles through the autumn of a historic mining boom.3 Feb 2014 - 3:18pm
Australia’s top central banker said on Tuesday it was likely the Australian dollar would fall materially in the future given the country’s declining terms of trade, a shift that would be welcome to trade-exposed sectors of the domestic economy.29 Oct 2013 - 2:04pm 1 comment
Australia unexpectedly boosted payrolls last month and unemployment declined as the job market withstood a weaker domestic outlook, prompting traders to push back bets on an interest-rate cut.14 Jun 2013 - 3:49am
Australia's central bank scaled back its inflation and growth forecasts yesterday, warning of a subdued outlook as the commodities-driven economy transitions away from mining.
The Reserve Bank of Australia said it expected growth of 2.5 per cent and inflation of 2.25 per cent for the year to December 31, compared with forecasts in February of up to 3 per cent for both.11 May 2013 - 3:08am
The People's Bank of China (PBOC) has approved an initial quota for the investment, the first time that the Reserve Bank of Australia (RBA) would have invested directly in a sovereign bond market of an Asian country other than Japan, Philip Lowe, the RBA's deputy governor, said yesterday at the Australian Chamber of Commerce in Shanghai.25 Apr 2013 - 5:37am
Computer networks at the Reserve Bank of Australia had been hacked, some reportedly by Chinese-developed malware searching for sensitive information, officials said yesterday.12 Mar 2013 - 3:53am
Australia's flagging property market is poised to get a boost from record low interest rates and a housing shortage that could increase prices by as much as 10 per cent this year.9 Jan 2013 - 3:26am
The Reserve Bank of Australia has cut its benchmark interest rate to the half-century low set during the 2009 global recession.
The move comes as hiring falters and an elevated currency hurts industries, such as manufacturing and tourism.5 Dec 2012 - 3:12am
Australia’s central bank kept its main cash rate steady at 3.25 per cent on Tuesday, surprising some in markets who had looked for a cut given an uncertain global outlook, a high local dollar and lower export prices.6 Nov 2012 - 1:00pm