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RBA Minutes: Inflation Slowing Less Than Expected
(RTTNews) - Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's economy was slowing and that inflation was declining less than expected, minutes from the central bank's May 7 meeting revealed on Tuesday.
A higher cash rate may be necessary to slow the pace of disinflation, the bank said.
Consumer spending was also weaker than expected, the minutes showed, and consumption growth was expected to remain weak for the rest of 2024.
At the meeting, the RBA policy board left its benchmark interest rates unchanged, leaving the cash rate target at 4:35 percent. The board also retained the interest rate paid on Exchange Settlement balances at 4.25 percent.
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Australia Private Capex Soared 6.4% In Q3
The value of new private capital expenditure in Australia was up a seasonally adjusted6.4 percent on quarter in the third quarter of 2025, the Australian Bureau of Statistics said on Thursday - coming in at A$48.999 billion.
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Australia Inflation Rises To 3.8%
Australia's inflation accelerated in October largely driven by higher electricity costs, data published by the Australian Bureau of Statistics revealed on Wednesday. The monthly CPI rose 3.8 percent year-on-year in October after a 3.6 percent increase in September. Prices were expected to rise again by 3.6 percent. On a monthly basis, consumer prices remained flat in October.
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Australia Construction Work Done Slips 0.7% In Q3
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Australia Services PMI Improves To 52.7 In November - S&P Global
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Australia Leading Index Signals Above-Trend Growth Momentum Next Year
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Australia Wage Price Index Climbs 0.8% In Q3
The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the third quarter of 2025, the Australian Bureau of Statistics said on Wednesday - in line with expectations and unchanged from the previous quarter.
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RBA Minutes: Global Growth Likely To Slow In H2 2025
Members of the Reserve Bank of Australia's Monetary Policy Board felt that the country's economic growth was expected to slow in the second half of 2025, minutes from the central bank's November 4 monetary policy meeting revealed on Tuesday.
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Australia Jobless Rate Falls To 4.3% In October
The unemployment rate in Australia came in at a seasonally adjusted 4.3 percent in October, the Australian Bureau of Statistics said on Thursday.
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