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Economics

RBA not targetting housing market: Costello

AAP  |  THURSDAY, 4 DEC 2003
The Reserve Bank's interest rate policy was not directed at the housing market, Treasurer Peter Costello said last night.

Costello says inflationary pressure in check

AAP  |  WEDNESDAY, 3 DEC 2003
Treasurer Peter Costello said today's national accounts showed inflation remained in check.

Signs of slowing in property-related sectors: index

AAP  |  WEDNESDAY, 3 DEC 2003
There were signs of a slowing in property-related sectors in November, according to the Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (PSITM).

Rate hike expected, more to come: economists

AAP  |  WEDNESDAY, 3 DEC 2003
Australia's central bank is expected to increase interest rates again in February, after a strengthening global and domestic economy sparked an 0.25 percentage point hike today, according to economists.

GDP up 1.2 per cent in September quarter: ABS

Australian real gross domestic product (GDP) rose by a seasonally adjusted 1.2 per cent in the September quarter, the Australian Bureau of Statistics said.

RBA moves to increase interest rates by 25 basis points

AAP  |  WEDNESDAY, 3 DEC 2003
The Reserve Bank of Australia today moved to increase the cash rate by 0.25 percentage points to 5.25 per cent.The move, after the RBA board meeting yesterday, follows an 0.25 percentage point increase last month.

Homeowners, government brace for rate rise

AAP  |  WEDNESDAY, 3 DEC 2003
Homeowners and the federal government are bracing for a disappointing Christmas present today when the Reserve Bank makes its last announcement for the year on interest rates.

ASFA CEO keen to work with ALP's Mark Latham on super policies

The Chief Executive of the Association of Superannuation Funds of Australia (ASFA)...

IFSA chief welcomes Latham's appointment to the head of the ALP

Chief Executive Officer of the Investment and Financial Services Association (IFSA), Richard Gilbert has welcomed Mark Latham's win earlier today...

Labor undergone generational change: Latham

WITH AAP  |  TUESDAY, 2 DEC 2003
The Labor Party leadership had undergone a generational change, new leader Mark Latham said today.