The financial stability of Australian businesses is on the improve as companies watch their spending and borrow less. Challenges remain however for businesses in the commercial housing and resources sector. The Reserve Bank’s latest Financial Stability Review reveals financial stress for Australian businesses is falling. Debt levels remain near historical lows, having fallen sharply after …
Australia is finding the transition from mining-led growth to other forms of activity to be a bumpy one, with business and consumer confidence still lacking, the head of the country’s central bank said on Friday. Reserve Bank of Australia (RBA) Governor Glenn Stevens said the decline in the local dollar would help support the economy, …
RBA: Australia Still Struggling with Post-Mining Blues Read More »
Australia is likely to have a period of below-average economic growth as it undergoes a “major transition”, though a weaker currency and central bank support will cushion the impact, Reserve Bank of Australia Governor Glenn Stevens said. “The massive run-up in resources sector capital spending that was a natural response to earlier very high prices …
RBA’s Stevens: Australia Having Period of Sub-Average Growth Read More »
