The Reserve Bank of Australia (RBA), in its monetary-policy statement published on May 10, indicated that the Australian economy is witnessing subdued growth in household income and that the adjustment in the housing market is taking a toll on consumer spending.
The Reserve Bank of Australia (RBA) left benchmark interest rates, or the cash rate, unchanged at 1.5 percent following its monetary-policy meeting on February 5.
By: Adrian Moore – Forex Focus Highlights of the monetary-policy statement and market outlook on interest rates The board of…
The Reserve Bank of Australia (RBA) left key interest rates on hold at the conclusion of its monetary-policy meeting on November 7, 2017. The cash rate, or the market interest rate on overnight funds, is considered to be the benchmark interest rate
The Reserve Bank of Australia (RBA) left key interest rates unchanged at 1.5 percent following its recent monetary-policy meeting on September 5.
The seasonally adjusted unemployment rate in Australia came in at 5.6 percent in July 2017, following a moderate upward revision in the June numbers from 5.5 to 5.7 percent.
Australia still has robust economic development, even if it has been somewhat weakened recently. The country is rated AAA. Among the G20 countries, Australia recorded the highest exports growth (7.2 percent) during the first quarter 2017.