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Afterpay Touch Group Ltd News
Why Afterpay Says It's Primed for Success as Buy-now-pay-later Moves Offline
By Emily Bary Afterpay sees opportunities to take advantage of parent company Block's ecosystem, including a loyal base of Cash App Card users Buy-now-pay-later continues to gain traction in the U.S
RBA Lifts Rates 0.25% to 4.1%, Flags More
RBA also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.00 per cent.
Australia Inflation Slows to 7% in Q1
Headline annual inflation growth slowed to 7 per cent in the first quarter, from 7.8 per cent in the December period.
RBA Holds Rates at 3.6% After 10 Consecutive Rate Rises
This decision follows a cumulative increase in interest rates of 3.5 percentage points since May last year.
Australian CPI Slows to 6.8% in February, Supports Case for RBA Rate Pause
Australia's monthly headline inflation data for February slowed to 6.8%, against forecasts of 7.2%.
Reserve Bank of Australia Lifts Rates by 0.25% to 3.6%
The Reserve Bank has delivered its 10th consecutive interest rate increase, lifting the cash rate by 0.25 of a percentage point to a decade-high 3.6 per cent.
Australia GDP Grew 0.5% in Q4, Misses Forecasts
Australia’s economy slowed 0.5 per cent in the December quarter, compared with 0.7 per cent in the previous quarter, under forecasts of 0.8 per cent, as inflation and higher interest rate cooled demand, data from the Australian Bureau of Statistics on Wednesday showed.
Reserve Bank of Australia Lifts Rates 0.25%, Signals More to Come
The Reserve Bank of Australia has pushed through a ninth consecutive rate rise at its first meeting of 2023 to contain a sharp rise in the cost of living.
Australia's Headline Inflation Jumps to 7.3%, Mean Tops Expectations
Australia’s new monthly inflation data for November has matched expectations at 7.3 per cent on a headline level, which is above consensus forecasts and ANZ Bank’s forecast of 7 per cent.
Australia Considered Pausing Rate Tightening Cycle in December
Australia’s central bank considered pausing its policy tightening cycle this month but decided against it as incoming economic data didn’t yet warrant a change of stance, minutes of the Dec. 6 meeting showed.
Express News | RBA Considered a Super-sized Rate Rise
Australian Employment Surges, Supporting Further Rate Hikes
Australian employment surged by more than three times economists’ estimates in November and unemployment held at a 48-year low, bolstering the case for the Reserve Bank to raise interest rates further in 2023.
Reserve Bank of Australia Raises Rates by 25 Bps; Says Path to Soft Landing Is Narrow
The Reserve Bank of Australia continued to raise interest rates cautiously at its final board meeting for the year, maintaining the pace of increases despite early signs that inflation may be peaking.
RBA to Raise Rates Another Modest 25 Basis Points in December - Reuters Poll
The Reserve Bank of Australia will go for another modest 25 basis-point interest rate hike on Dec. 6 to 3.10%, its third in a row after a succession of half-point moves, according to all 30 economists polled by Reuters.
Australia's October Inflation Lower Than Forecast, Shares Turn Higher
The monthly Consumer Price Index (CPI) indicator rose 6.9 per cent in the year to October 2022, according to the latest data from the Australian Bureau of Statistics (ABS).
Australian Unemployment Rate Inches Down to 3.4% in October
Australian unemployment rate declined to 3.4% in October from 3.5% in September, as employed people increased by about 32,000 people, and the number of unemployed decreased by 21,000 people.
RBA Prepared to Pause or Return to Outsized Hikes, Minutes Show
Australia’s central bank is prepared to pause its tightening cycle or return to larger interest-rate increases if the economy requires it, according to minutes of the Nov. 1 policy meeting when it lifted the benchmark by a quarter percentage point.
RBA Signals More Rate Hikes as Prices, Wages to Accelerate
Australia’s central bank increased its forecasts for inflation and wages growth and highlighted the risk of a price-wage spiral emerging among key reasons it expects to raise interest rates further.
Australia Inflation Races to 32-year High, Sounds Rate Alarm
The consumer price index jumped 1.8% in the September quarter, topping market forecasts of 1.6%. The annual rate shot up to 7.3%, from 6.1%, the highest since 1990 and almost three times the pace of wage growth.
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