Asian Shares Muted; Chinese And Hong Kong Markets Extend Rally On Stimulus Cheer
Asian stocks were muted on Wednesday, even as Chinese and Hong Kong markets posted strong gains to extend the previous session's ...
Australia's RBA to prioritise wholesale CBDC work over retail
Australia's central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic ...
Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground ...
Reuters5d
RBA to keep rates steady on Sept. 24, cut in Q1 2025 - Reuters poll
All 45 economists surveyed Sept. 12-19 expected the RBA to keep its official cash rate (AUCBIR=ECI), opens new tab on hold at 4.35% at the conclusion of its two-day meeting on Tuesday. A strong ...
U.S. News & World Report8d
Australia's RBA to Prioritise Wholesale CBDC Work Over Retail
In a conference speech, Reserve Bank of Australia (RBA) Assistant Governor Brad Jones announced the launch of a three-year digital money work plan for the RBA and Treasury called Project Acacia.
The Conversation28d
The RBA is making confusion about inflation and the cost of living even worse
In 2022, the year in which inflation peaked, consumer prices climbed 7.8% while wages grew 3.3%. The 2022 increase in prices wasn’t at all extreme by historical standards. Prices climbed faster ...
The Australian Financial Review22d
Consumer slowdown hits profits and GDP growth
Prime Minister Anthony Albanese on Monday backed Treasurer Jim Chalmers’ comments on Sunday linking the RBA’s recent decisions ... exposed to shifts in consumer spending, fell by 3.1 per ...
Sky News Australia9d
Australia's top economic advisors forecast RBA won't cut interest rates before Q2 2025 at the earliest
The RBA has held rates at 4.35 per cent since November last year and most recently maintained this stance at their August meeting. Oxford Economics Australia (OEA) has since warned households that ...
Sydney Morning Herald3d
Hoping for the RBA to cut interest rates? Here’s what the big four banks are saying
The RBA meets early next week for its rates decision, keenly watched by mortgage holders given the bank has kept the cash rate at 4.35 per cent since November last year. While RBA governor Michele ...
The Australian Financial Review25d
Hopes for 2024 cuts weaken as data signals RBA stuck on hold
A flurry of data has reinforced the case that the RBA will not lower rates this year. Bethany Rae The dialling back came after the monthly consumer price index indicator for July, released on ...
Australian Broadcasting Corporation19d
Labor is leaning into an assault on the 'barbarians' at the bank. It may be great politics, but the economics are trickier
and a further slide in real household incomes and consumer spending, minister Katie Gallagher let it be known that Labor — in contrast to the RBA — believes that from "a household point of ...
Wall Street Journal22d
Glynn’s Take: RBA’s Bullock Getting High Marks, but Bigger Tests Loom
SYDNEY—With just two weeks to go before she completes her first anniversary as governor of the Reserve Bank of Australia, Michele Bullock can look back on a year in which she has neither bent ...