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reserve bank of australia

Australian inflation goes down and prospect of interest rate cut remains

Australian inflation goes down and prospect of interest rate cut remains

Underlying inflation has dropped from 0.5% in June to 0.4% in September, and some economists suspect that means another interest rate cut is on the cardsUnderlying inflation has slipped again, from
Australian GDP: economy shrinks by 0.5% in September quarter

Australian GDP: economy shrinks by 0.5% in September quarter

New figures show GDP receded in the third quarter raising prospect of recession and also likely to put pressure on federal government revenueAustralia’s economy slipped backwards in the September
Interest rate anxiety ‘new threat’ to central bank independence

Interest rate anxiety ‘new threat’ to central bank independence

Reserve Bank’s deputy governor Guy Debelle says people increasingly blame central banks for economic woesOne of the Reserve Bank’s most senior officials has warned the public’s anxiety about low
Reserve Bank significantly lowers inflation forecast

Reserve Bank significantly lowers inflation forecast

Rise in Australia’s inflation to 2% not expected until mid-2019, so record-low interest rates could remain through 2018The Reserve Bank has conceded it could take longer than expected for inflationary
Australia's interest rate will stay low for years – Reserve Bank governor

Australia's interest rate will stay low for years – Reserve Bank governor

Philip Lowe says RBA officials are still trying to work out what ‘normal’ level of rates may be given slow wages growthThe Reserve Bank governor has confirmed that Australia’s official interest rate
Increase company tax based on executive pay, Wayne Swan says

Increase company tax based on executive pay, Wayne Swan says

Commonwealth Bank head earned $12.3m last year – the combined pay of 250 tellers at the bank, former treasurer saysGovernments should increase company taxes if top executives continue to draw huge
Home ownership would rise if negative gearing is scrapped, study says

Home ownership would rise if negative gearing is scrapped, study says

Melbourne University modelling, presented to Reserve Bank, says nearly 75% of Australian households will be better off if the policy is ditchedThree-quarters of Australian households will be better

2 APAC Nations Have Ruled Out Central Bank Digital Currencies

The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now.
Reserve Bank governor says Australia's high immigration levels boosted economy

Reserve Bank governor says Australia's high immigration levels boosted economy

Philip Lowe says immigration levels ensured higher than average growth and helped arrest ageing of populationAustralia’s high immigration levels have been a positive for the economy, helping to arrest
Employers finding ways to avoid lifting wages, Reserve Bank says

Employers finding ways to avoid lifting wages, Reserve Bank says

Deputy chief says wages tied to individual performance mean average growth is contained Australia’s employers are finding inventive ways to avoid lifting wages for their staff as the economy improves,
Reserve Bank warns royal commission will hit bank profits

Reserve Bank warns royal commission will hit bank profits

Assistant governor says economic impact of the financial services inquiry could roll onThe fallout from the banking royal commission may hurt bank profits, and rising trade tensions could spark a
Coalition could be forced into extra sitting days to deal with banking reform

Coalition could be forced into extra sitting days to deal with banking reform

Independents line up with ALP to extend calendar as Reserve Bank governor suggests Australia’s banks could be too profitableThe Morrison government faces the risk of being forced to schedule extra
House price falls in Sydney and Melbourne not all bad, Reserve Bank head says

House price falls in Sydney and Melbourne not all bad, Reserve Bank head says

Philip Lowe says he doesn’t see a strong case to change monetary policy in near termDeclining house prices in Sydney and Melbourne should not come as a surprise and are not all bad news, the Reserve
We can no longer rely on coal for our future prosperity. We must plan for life without it | Greg Jericho

We can no longer rely on coal for our future prosperity. We must plan for life without it | Greg Jericho

Two significant events have showed that a major adjustment of our economy is needed to end our reliance on coal It will be no news to anyone that the coal industry is a pretty big deal in our economy
Federal election 2019: Scott Morrison egged by protester in Albury – politics live

Federal election 2019: Scott Morrison egged by protester in Albury – politics live

Prime minister blames ‘cowardly activists’ for egging after being targeted as he leaves a CWA conference. The economy is again in the spotlight, as both parties wait to hear if the bank will cut
Reserve Bank interest rates: RBA meets to decide whether to cut cash rate – live

Reserve Bank interest rates: RBA meets to decide whether to cut cash rate – live

Will they or won’t they? Members of the Australian bank’s board are gathered in Sydney amid speculation that they will reduce borrowing costs. Follow all the updates before the verdict at 2.30pm – and
Australian $50 note typo: spelling mistake printed 46 million times

Australian $50 note typo: spelling mistake printed 46 million times

Red faces after discovery $2.3bn worth of currency has a misprint of the word responsibility in banknote’s ‘micro-text’ 46 million of Australia’s new $50 notes have been printed with a typo, the
Australian $50 note typo: spelling mistake printed 46 million times

Australian $50 note typo: spelling mistake printed 46 million times

Red faces after discovery $2.3bn worth of currency has a misprint of the word responsibility in banknote’s ‘micro-text’ 46 million of Australia’s new $50 notes have been printed with a typo, the

Getting the Spelling Right on 46 Million Bank Notes? It’s a Big Responsibilty

That’s how Australia spelled the word on $50 bills in October. The typo will be fixed, but the misspelled notes will stay in circulation.

Getting the Spelling Right on 46 Million Bank Notes? It’s a Big Responsibilty

That’s how Australia spelled the word on $50 bills in October. The typo will be fixed, but the misspelled notes will stay in circulation.