April or May? Either way, borrowers may soon get a nice boost to their bank balances with the central bank set to slash interest rates to a new record low. While economists are divided on which month it’ll happen, all 20 surveyed by AAP expect the Reserve Bank to cut the official interest rate from …
With the Australian dollar trading around the Reserve Bank of Australia’s (RBA) preferred level of $0.75, will the central bank hold off on cutting rates at Tuesday’s meeting? According to Mitul Kotecha, head of FX strategy, Asia-Pacific at Barclays, the RBA is likely to pull the rate cut trigger sooner rather than later given the …
AUD/USD Anxiously Above 0.75 Before RBA Decision Read More »
Australia’s economy is struggling as it grapples with the imminent end to its commodities boom, but one industry is flourishing thanks to China: tourism. “As the mining boom enters the final cyclical phase, a rebalancing in favor of the non-mining sector is critical. The declining Australian dollar is facilitating this transition, and one sector that …
After Mining, Tourism may be Australia’s Next Best Thing Read More »
Home prices across Australia’s capital cities rose in March led by a blistering pace in the Sydney market, complicating policy considerations for the central bank which is under pressure to cut interest rates again amid falling commodity prices. Figures from property consultant CoreLogic RP Data showed dwelling prices across all of Australia’s major cities climbed …
