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Economics

Wage growth should continue: economists

AAP  |  WEDNESDAY, 12 NOV 2003
Australian wages growth should continue following the recent drop in unemployment but it is unlikely to affect inflation, according to economists.

Afternoon market wrap: Australian stocks close lower

WITH AAP  |  TUESDAY, 11 NOV 2003
AMP dropped another three per cent or 20 cents to $6.20 as NAB kept silent on its takeover intentions for the financial services group...

RBA says little to be gained by delaying rise in interest rates

AAP  |  MONDAY, 10 NOV 2003
The Reserve Bank of Australia (RBA) said today there would have been little to be gained in delaying a rise in interest rates, given the stronger growth prospects both domestically and abroad.

Dollar looks set for more solid gains

The Reserve Bank of Australia's (RBA) uncanny record of buying foreign exchange low and selling high is likely to continue into the future as the central bank is expected to sell off more Australian dollars in the medium term.

Lure of high yields attracts global fund investments in Australia

Lured by the prospect of high yields in Australia, global fund managers are stepping up to the crease and are pumping large amounts of money here.

Businesses asked to participate in international tax treaties: Coonan

The Department of the Treasury has sought comments from the Australian business community on the status of Most Favoured Nation (MFN) obligations, on the eve of tax treaty negotiations to be held between Australia and Norway in Canberra next week.

Howard says no need for further rate hikes

AAP  |  THURSDAY, 6 NOV 2003
Prime Minister John Howard has put the Reserve Bank on notice saying there is no reason to further increase rates.

Unemployment at 20-year low: ABS

The latest labour force figures for Australia, released by the Australian Bureau of Statistics (ABS), have indicated an increase from 9,547,700 employed persons to 9,616,800 employed persons, a rise of 69,200 employed persons.

RBA decision takes economists by surprise

The RBA's decision to increase the official cash rate by 25 basis points to five percent has come as a surprise and shock to many, but the overall view is that the central bank is essentially easing its foot off the accelerator rather than slamming on ...

RBA lifts cash rate to 5.00%

The Reserve Bank of Australia (RBA) today raised the official cash rate by 25 basis points to 5.00 per cent.