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RBA Minutes: Inflation Is Still Too High
(RTTNews) - Members of the Reserve Bank of Australia's Monetary Policy Board acknowledged that consumer prices remain higher than desired, minutes from the central bank's April 4 monetary policy meeting revealed on Tuesday.
Still, the board decided to leave its cash rate target unchanged at 3.60 percent in order to assess the full impact of the cumulative 350 basis points increase since last May.
The members also observed that population growth - and possibly wage growth as well - could put pressure on the country's existing capital stock, especially its housing market.
That being said, the members reiterated their determination to return inflation to target.
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Australia Inflation Accelerates To 1-Year High
Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.
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17g 1 minut temu
Australia Manufacturing PMI Improves To 52.9 - S&P Global
The manufacturing sector in Australia continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.9.
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Australia Trims Key Interest Rate For Third Time This Year; Cuts Growth Outlook
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Australia June Trade Surplus A$5.365 Billion
Australia posted a seasonally adjusted merchandise trade surplus of A$5.365 billion in June, the Australian Bureau of Statistics said on Thursday.
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Australia Building Approvals Jump 11.9% In June
The total number of building approvals issued in Australia in June was up a seasonally adjusted 11.9 percent on month, the Australian Bureau of Statistics said on Thursday - coming in at 17,076.
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Australia Services Sector Accelerates In July
The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
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Australia Export Prices Sink 4.5% In Q2
Export prices in Australia were down 4.5 percent on quarter and 3.3 percent on year in the second quarter of 2025, the Australian Bureau of Statistics said on Thursday.
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