Australia's 1Q GDP Print Expected to Show Weak Growth

Australia's Q1 GDP print, due out later this week, is expected to show weak growth of 1.2% on year and 0.2% on quarter, says Paul Bloxham, chief economist for Australia, NZ & global commodities at HSBC.

WSJJun 2 23:44 ET

Will the Reserve Bank of Australia continue to raise interest rates? The money market is betting that it may “act” again in August

The Bank of Australia is seen as the only major central bank that risks raising interest rates.

Zhitong FinanceJun 2 22:30 ET

Australia Raises Minimum Wage 3.75%, Aiding RBA Inflation Fight

Australia’s industrial relations umpire raised the national minimum wage by 3.75%, aiding the Reserve Bank’s efforts to return inflation to the 2-3% target by next year.

BNN BloombergJun 2 21:16 ET

RBA's Hauser Says Inflation 'Predominant Challenge,' AFR Reports

Australian central bank Deputy Governor Andrew Hauser said the “first and predominant challenge” for policymakers is to bring down inflation, according to an interview with the Australian Financial Review.

BNN BloombergJun 2 21:13 ET

Australia's Minimum Wage Increase Largely in Line With CPI

Australia's minimum wage will be raised by 3.75% from July 1, with the Fair Work Commission saying the decision is consistent with getting inflation back to target by the end of next year.

WSJJun 2 21:06 ET

RBA Seen as the Only Other Major Central Bank at Risk of Hiking

Australia’s central bank may have no choice but to resume raising interest rates this year if inflation fails to slow, according to money markets, setting it up as a potential outlier to a post-pandemic global tightening cycle that has all-but ended.

BNN BloombergJun 2 17:19 ET