Economists predict that the Reserve Bank of Australia will maintain the current interest rate until September and cut it for the first time in the fourth quarter.
According to a survey of economists, due to continued price pressures, the Reserve Bank of Australia is expected to maintain the benchmark interest rate unchanged for the fifth consecutive time at next Tuesday's interest rate meeting.
Australia's Economy Operating Close to Capacity Despite Growth Slowdown -- Market Talk
Australia's economy is operating close to or beyond its capacity despite the growth slowdown, says Paul Bloxham, HSBC chief economist for Australia and New Zealand.
Australian Dollar Rebounds as Economists Predict the RBA to Maintain Rates in June
The Australian Dollar (AUD) has recovered from Friday's losses, possibly driven by improved risk appetite.
RBA to Keep All Policy Options on the Table -- Market Talk
The Reserve Bank of Australia is expected to remain vigilant when its board meets next week and publicly reveal once again that it discussed tightening policy settings.
Higher Risk of RBA Rate Hike in 2H Than a Cut -- Market Talk
Australia's employment data released earlier today is unlikely to shift the dial for the Reserve Bank of Australia, says Paul Bloxham, chief economist for Australia at HSBC, in a note.
Australia's Unemployment Rate May Hit 4.4% by End 2024 -- Market Talk
Australia's labor market cooling is happening in an interesting way, with employers tempering hiring plans and trimming the hours they offer employees rather than increasing layoffs or redundancies, Harry Murphy Cruise, economist at Moody's Analytics, says in a note.
Australia's Unemployment Rate Drops to 4% as Hiring Persists
Australian unemployment dipped last month and job gains exceeded estimates, highlighting the resilience of the country’s labor market to elevated interest rates and high immigration.
Australian Unemployment Rate Seen Edging Lower in May
Australia is set to release the May employment report on Thursday at 1:30 GMT. The Australian Bureau of Statistics (ABS) is expected to announce the country added 27.5K new job positions in the month, down from the 38.5K gained in April.
Australia's economy is in dire straits. Can the Reserve Bank of Australia become a savior?
As the effect of Australia's government stimulus plan begins to weaken, household savings are starting to decline, and the pace of economic growth is beginning to slow. For individuals and families, most have already experienced an economic recession. As explicitly stated by the Reserve Bank of Australia's chair, she is ready to take decisive actions on interest rates at any time. The market needs to pay attention to whether the start of tax cuts in July can generate sufficient fuel to drive Australia's economy forward.
Australian Dollar Edges Lower Due to Risk-off Mood Ahead of Fed Decision
The Australian Dollar loses ground due to risk aversion as Fed decision looms.
RBA Can and Will Bring Down Inflation, Deputy Governor Says
Australia’s central bank can and will bring down inflation, Deputy Governor Andrew Hauser said on Friday, warning that unchecked price increases are “toxic” and pointing out they have caused wars in past eras.
Australia's Trade Surplus Widens More Than Expected in April
Australia's trade surplus widened more than expected in April amid a decline in imports, according to data from the Australian Bureau of Statistics released today.
Room for RBA to Hike at August Meeting -- Market Talk
Australia's 1Q gross domestic product figures showed weak growth, which was a bit below what was implied in the RBA's May forecasts, say Morgan Stanley analysts in a note.
Troubling Australian Economy Set to Deliver Brutal 'Double Whammy': 'It Matters for You'
The bad news on the economy continues to flow. And it matters for you, your job prospects, wages, investments and interest rates, albeit with some silver lining in the dark clouds of a weak economy.
High interest rates are impacting household expenditures, causing the Australian economy to almost stagnate.
In the first three months of this year, the Australian economy was almost at a standstill.
Australian Economy Starts 2024 With a Whimper -- Market Talk
The Aussie economy hasn't gotten off to a great start this year, Moody's Analytics says.
Australian Treasurer Chalmers: Q2 GDP to Be Similarly Difficult'
Australian Treasurer Jim Chalmers said on Wednesday that he expects “the second-quarter GDP to be `similarly difficult'.
Australia Economy Remains Weak on Household Spending Squeeze
Australia’s economy all-but stalled in the first three months of the year as elevated interest rates and cost of living pressures weighed heavily on households and broader activity.
Australia's Economy Barely Registers Pulse in First Quarter
Growth in Australia's commodity-rich economy barely registered a pulse in the first quarter, as the impact of high interest rates and climbing costs due to nagging inflation pressures slowed activity to a crawl.
Australian GDP Expands 0.1% QoQ in Q1 Vs. 0.2% Expected
Australia’s Gross Domestic Product (GDP) grew 0.1% QoQ in the first quarter of 2024 compared with the 0.2% growth in Q4 of 2023, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.2%.