RBA
‘Green light’ for rate hike as GDP growth surprises
2 September
Australia’s economy grew by 2.1 per cent in the last financial year, cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects.Gross domestic product expanded by 0.4 per cent in the June quarter,...[Read More]
Bank’s big rate call after ‘ugly’ inflation print
24 September
Mortgage holders might have to wait until next year for more rate relief after a sharp rise in services inflation all but killed off the already slim chance of a September cut. The consumer price index climbed from 2.8 to three per cent for the year...[Read More]
National economy still stuck in ‘productivity malaise’
24 September
Australia’s productivity performance improved in the June quarter, but weak capital investment is still holding back growth in living standards, the Productivity Commission says. Growth in labour productivity – or doing more with less –...[Read More]
‘Welcome’ pick-up in Australian economy wrongfoots RBA
3 September
Australia’s economic growth rate has accelerated to 1.8 per cent, the fastest rate in almost two years, amid a boost in household consumption. The annual rise in gross domestic product, included in the Australian Bureau of Statistics’ quarterly...[Read More]