Australia’s property markets are at risk of a “sharp correction” according to the Organisation for Economic Cooperation and Development. The international organisation is the latest to join the chorus warning of the risk of a big fall in house prices. “The continuing property market momentum adds to the risk of a sharp correction,” it wrote […]
OECD: Australian Property Prices at Risk of ‘sharp correction’ Read More »
Australia’s economy expanded 2.3 percent in the first quarter from the year-ago period, beating forecasts and pushing up the currency, but some were concerned about the quality of the data. “The surprise is probably that business investments didn’t fall [as much] as expected,” David Bassanese, chief economist at BetaShares, told CNBC. “Exports volumes surged in
Australia Q1 GDP up 2.3% However Concerns Remain Read More »
Interest rates are expected to remain on hold for several months as the Reserve Bank keeps a close eye on a slowing economy, though the next move is still more likely to be a cut. The RBA has left the cash rate at two per cent following May’s quarter of a percentage point cut, and
Many Expect RBA to Sit for a While Read More »
Australia left its key interest rate unchanged at a record low and was coy about whether further cuts would be needed to boost growth, sending the currency higher. Central bank Governor Glenn Stevens and his board left the cash rate at 2 percent in Sydney Tuesday, as predicted by traders and economists. “Monetary policy needs
RBA Coy About Future Moves Read More »
