Australian firms ‘upbeat’ China can navigate trade war
Australian firms are bullish about their opportunities in China despite global trade ructions casting doubt over economic growth, the Reserve Bank deputy says.
Australian firms are bullish about their opportunities in China despite global trade ructions casting doubt over economic growth, the Reserve Bank deputy says.
Australia's banks have helped push the local stock market higher as the nation's most valuable company notches a share price record.
Hospitality venues are feeling the pinch from high business costs and low spending, but lower interest rates should help ease the pain
Donald Trump's trade war has clouded economic forecasts as Australia's central bank seeks to thread the needle to avoid the nation tipping into a recession.
The official cash rate has a three in front of it for the first time in two years, after the Reserve Bank cut interest rates by 25 basis points.
Uncertainty, both known and unknown, surrounding Donald Trump's tariffs and their economic impact could spur the Reserve Bank to cut interest rates on Tuesday.
Australian shares have pushed higher each session this week as easing trade tensions and hopes of incoming interest rate cuts buoyed markets.
An unexpected jump in employment has led the money market to pare back its hopes for further mortgage relief after a widely expected rate cut next week.
The Australian share market has rallied alongside its Asian counterparts as glimmers of hope appear on the horizon of the US-China trade war.
The Reserve Bank of New Zealand is "redesigning" its operations after the government announced funding cuts of 25 per cent from July.
Uncertainty over US tariffs and a brewing global trade war cast a shadow over the Reserve Bank of Australia as it deliberated on cutting interest rates.
As rate-cut bets see-saw, the Reserve Bank governor says Australia is well placed for overseas shocks in her first speech since Donald Trump's tariff thump.
Federal Treasurer Jim Chalmers says Australia is still well-placed to navigate the economic uncertainty generated by Donald Trump's wide-ranging tariffs.
The Reserve Bank of Australia has kept the cash rate unchanged at 4.1 per cent, as global uncertainty clouds the economic outlook.
"Almost nobody" is expecting an interest cut, the treasurer says as the Reserve Bank's new rate-setting board meets with an election campaign in full swing.
Monarchists have slammed the central bank's decision not to include the King's portrait on the $5 note, saying the government is pushing to become a republic.
Another interest rate cut is firmly on the table with analysts expecting the Reserve Bank to seriously consider the move on the back of fresh inflation data.
Minutes from the Reserve Bank meeting that finally lower interest rates shows board members responding to signals from recent trends in two key areas.
Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.
Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.
An AAP survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.
Economists say a major reduction in mortgage rates this year is unlikely, even though the Reserve Bank board is widely tipped to deliver a cut on Tuesday.
Australia's big four banks are already promising to pass interest rate cuts on in full after the Reserve Bank lowered the cash rate by 25 basis points.
Anthony Albanese remains coy on when Australians will head to the polls, after the Reserve Bank delivered cost-of-living relief for mortgage holders.
With the stars aligned for a February interest rate cut, borrowers are now concerned with how many cuts the Reserve Bank will hand down.
The Aussie dollar is edging closer to the psychologically significant 60 US cents barrier and Donald Trump could determine whether it crashes through in 2025.
The Reserve Bank's interest rate settings are appropriate but the battle against inflation is not yet won, a check-up of Australia's economic health has found.
Two new faces will serve on the Reserve Bank of Australia's rate-setting board, with the government defying calls from the coalition for continuity.
The Ghost of Christmas Yet to Come has visited the RBA deputy, revealing little chance of the global economy plunging into another Depression.
Long-awaited mortgage relief looks closer as the central bank takes another interest rate hike off the table and lays the groundwork for future cuts.
Australia's top central banker reveals why she still hasn't pulled the trigger on interest rate cuts despite similar countries already taking action.