Australia's inflation hits a two-year low, raising speculation of rate cuts, as November's figures show a slowdown in the consumer price index. Certain sectors still experience price increases, but overall disinflation remains a concern for policymakers. Stay tuned for the next inflation report.
Australia's central bank, the Reserve Bank of Australia (RBA), introduces a new policy structure with a focus on maintaining a flexible inflation target of 2% to 3% for stability and growth. A Monetary Policy Board will make interest rate decisions, including external members for diverse perspectives. This decision reflects the government's commitment to transparency and accountability, ensuring a stable and sustainable economic future.
Australian households show resilience in adapting to rising mortgage rates, alleviating financial stress. RBA report highlights effective financial planning and responsible borrowing.
Breaking barriers and promoting diversity in Australia's central bank leadership. Read about the appointment of the first female head of the Reserve Bank of Australia.
Australia's job market surges, adding 64,900 jobs, boosting case for rate hike. Strong employment growth and increased labor market participation indicate positive outlook for economy.