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The Opposition said now was not the right time to ’sack and stack' the Reserve Bank Board.
Despite earnings warnings from some major European countries, the United States is poised to lead economic growth for the entire world.
The Reserve Bank of New Zealand has made a surprise decision to reduce the official cash rate, and banks are dropping loan rates.
The US Federal Reserve has signalled cuts at its next meeting in September. The question now is: will the RBA follow suit next week, as many predict?
Treasurer Jim Chalmers has stopped short of saying Australians are living in a recession, as the ABS reports the latest inflation figures.
Fed policymakers have observed ’some' progress in inflation in recent months.
The Reserve Bank of Australia is due to hold a monetary policy meeting on August 6.
The Reserve Bank of Australia will study a range of data as the nation waits to see if another interest rates rise will arrive in August.
The board said it remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.
The Minneapolis Federal Reserve chief said that policymakers need to see ‘a lot’ more data showing inflation is trending down before an interest rate cut.
‘I’m not ruling out potential interest-rate increases from here,’ Minneapolis Federal Reserve President Neel Kashkari said.
Credit card interest rates are rising. Should you continue using your credit card?
