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Economics

Daily economic update

The Board of the Reserve Bank of Australia (RBA) meets today to deliberate on domestic monetary policy settings. Financial markets expect the RBA to keep the cash rate unchanged at 5.5 per cent when it announces its decision tomorrow.

Weekly economic round-up

The Reserve Bank of Australia (RBA) will decide to keep interest rates steady at 5.5 per cent after its Board meets to deliberate on monetary policy tomorrow.

Daily economic update

The European Central Bank (ECB) raised its benchmark interest rate overnight to 2.5 per cent from 2.25 per cent. The latest move marks the second rate hike in three months.

Daily Economic Update

Australian building approvals disappointed market expectations for a 1.5 per cent rise in January and instead posted a 1.9 per cent decline. Retail sales provide positive surprise.

Daily Economic Update

Latest National Accounts figures show that the Australian economy grew by a lower-than-expected 0.5 per cent in the December quarter - boosting expectations of continued steady interest rates in the near term.

Daily economic update

Australia's balance of payments continued to deteriorate in the December quarter with the deficit on the current account widening by 5.7 per cent to A$14.5 billion (6.1 per cent of GDP) from a revised A$13.7 billion shortfall in the September quarter.

Weekly economic round-up

Last week's Australian data releases continued to paint a picture of a domestic economy that is growing moderately with little pressure on inflation and, therefore, no impetus for the official cash rate to move one way or the other.

Daily economic update

Australian house prices rose by 2.1 per cent in the December quarter to stand 2.3 per cent above their level in the same period in 2004. This compares favourably with unchanged prices in the September quarter and market expectations for a 0.8 per cent ...

Daily economic update

Business investment continues to drive the Australian economy forward. This was established by today's Australian Bureau of Statistics (ABS) report showing that real capital spending increased by a much larger than expected 9.2 per cent in the December ...

Daily economic update

The Australian Bureau of Statistics (ABS) reports that its wage price index (WPI) excluding bonuses rose by a lower-than-expected 0.9 per cent in the December quarter, down from 1.1 per cent in the previous three-month period.