Advertisement
RBA Minutes: Australia GDP Remains Softer Than Expected
(RTTNews) - Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's gross domestic product continues to be subdued and is softer than expected, minutes from the central bank's December 9-10 meeting revealed on Tuesday.
Inflation remains a concern, the minutes showed, as underlying consumer prices are still too high, the board members said.
Complicating that fact, members acknowledged that wage growth has slowed more than expected.
At the meeting, the RBA Policy Board held the cash rate target at a 13-year high of 4.35 percent. The previous change in the interest rate was in November 2023, when it was lifted by 25 basis points to the highest level since late 2011.
read more
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
RTTNews
|
8 h 41 min atrás
Australia Services Index Inches Higher In October - S&P Global
The service sector in Australia continued to expand in October, and at a slightly faster rate, the latest survey from S&P Global revealed on Wednesday with a PMI score of 52.5.
RTTNews
|
18 h 44 min atrás
Australia Keeps Interest Rate Unchanged
The Reserve Bank of Australia maintained its key interest rate as the full effects of earlier rate cuts are yet to be felt and policymakers became cautious after data showed evidence of more persistent inflation. The policy board governed by Michele Bullock decided to hold the cash rate at 3.60 percent, as widely expected, on Tuesday.
RTTNews
|
1 dia atrás
Australia Building Approvals Jump 12.0% In September
The total number of building permits issued in Australia was up a seasonally adjusted 12.0 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at 17,019.
RTTNews
|
2 dias atrás
Australia Manufacturing PMI Slips Into Contraction - S&P Global
The manufacturing sector in Australia fell into contraction territory in October, the latest survey from S&P Global revealed on Monday with a Performance of Manufacturing Index score of 49.7.
RTTNews
|
2 dias atrás
Australia Manufacturing PMI Sinks Into Contraction - S&P Global
The manufacturing sector in Australia slipped into contraction in October, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 49.7.
RTTNews
|
12 dias atrás
Australia Unemployment Rate Climbs To 4.5% In September
The jobless rate is Australia came in at a seasonally adjusted 4.5 percent in September, the Australian Bureau of Statistics said on Thursday.
RTTNews
|
20 dias atrás
Australia Services PMI Fades In September - S&P Global
The services sector in Australia continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Friday with a services PMI score of 53.4.
RTTNews
|
33 dias atrás
