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Tag: australia’s

Australia’s Central Bank Chief Sounds Alarm on Inflation Challenges Ahead

Australia's Central Bank Chief Sounds Alarm on Inflation Challenges Ahead The head of Australia's central bank on Tuesday said that inflation is the crucial challenge...

Australia’s Trade Surplus Surpasses Estimates as Imports Decline

Australia’s monthly trade surplus widened in June as iron-ore shipments gained while overall exports slid less than imports. The windfall was A$11.3 billion ($7.4 billion),...

Australia’s Major States Grapple with Budget Strains Due to Income Squeeze

Australia's Major States Grapple with Budget Strains Due to Income Squeeze Australia’s two biggest states will struggle to return their budgets to surplus as the...

Australia’s CPI Inflation Eases in Q2, Strengthening RBA’s Pause Speculations

Australian consumer price index inflation grew less than expected in the second quarter, data showed on Wednesday, furthering the case for a pause in...

Concerns Mount as Australia’s Central Bank Hits Pause with Restrictive Policy Stance

Australia's central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a risk a squeeze on...

Australia’s Decision to Hold Rate at 4.1% Driven by “Stronger” Outlook

Australia’s central bank said the case to leave interest rates unchanged this month was the “stronger one” following a series of line-ball decisions as...

New Head of Australia’s Central Bank Confronts Dual Challenges

Michele Bullock cannot count on a honeymoon period when she takes over at the Reserve Bank of Australia in September. The country’s Treasurer Jim...

Australia’s Financial Collapse Looms, Cautions Entrepreneur Matt Barrie

A leading tech entrepreneur has issued a dire economic warning predicting Australia is on the verge of a financial meltdown on a similar scale...

Australia’s Commonwealth Bank to Impose Limited Payment Restrictions on Crypto Exchanges

Commonwealth Bank (CBA) will apply partial restrictions to payments to cryptocurrency exchanges as a means of protecting customers from scams. The Australian bank announced on...

Australia’s Recession Risk Rises as RBA Highlights the Bumpy Path to Achieve Low Inflation

The risk of Australia's economy slipping into recession has risen sharply, after the central bank surprised markets this week by raising rates and warned...

Australia’s Key Rate Raised in Unforeseen Move, Potential for Further Tightening Ahead

Australia’s central bank unexpectedly raised its key interest rate and kept the door open to further hikes, fretting that policy needs to be tighter...

Australia’s Economic Growth Slows to 2.3% in Q1, Marking 18-Month Low

Australia’s first-quarter gross domestic product expanded by 2.3% year-on-year, just slightly below analyst expectations. Economists polled by Reuters had forecast an expansion of 2.4%, compared...

NAB, Westpac, ANZ and CommBank respond to Reserve Bank of Australia’s cash rate hike, amplifying mortgage pain for Australians.

All four major banks have passed on the Reserve Bank of Australia's latest rate hikes to struggling customers. The RBA lifted the nation's official cash...

Australia’s Downer EDI chairman steps down

March 3 (Reuters) - Australian contractor Downer EDI Ltd DOW.AX on Friday said Chairman Mark Chellew had resigned, and elected his deputy Mark Menhinnitt...

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