Rba articles
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Government defends faster inflation fall than RBA
The battle against inflation could still be won by Christmas based on official government forecasts – a lot faster than the latest Reserve Bank predictions. Timing largely explains the gap, Finance Minister Katy Gallagher told ABC radio, with Treasury taking into account efforts to “put downward pressure on inflation” in Tuesday’s federal budget. “Obviously, those […]
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Pressure coming off RBA as jobs market loses some heat
Australian employers are still hiring but the size of the workforce is growing faster than the number of jobs being created, in a development that bodes well for borrowers waiting for interest rate cuts. The unemployment rate rose to 4.1 per cent in April, the Australian Bureau of Statistics said on Thursday, up from the […]
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RBA discussed rate hike case, but hold deemed stronger
Hotter-than-expected inflation data was enough to prompt discussion of an interest rate rise at the last Reserve Bank of Australia meeting, but staying put was still considered the stronger option. The minutes from the May meeting confirmed the board did devote time to the case to lift interest rates, as already indicated by governor Michele […]