Australia's inflation surges to 3.7%, dashing rate cut hopes
Fresh economic data reveals Australia's inflation rate accelerated to 3.7% in September, dealing a blow to hopes of imminent interest rate relief and putting pressure on household budgets.
Fresh economic data reveals Australia's inflation rate accelerated to 3.7% in September, dealing a blow to hopes of imminent interest rate relief and putting pressure on household budgets.
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Reserve Bank Governor Michele Bullock challenges critics, arguing Australia's housing affordability crisis stems from chronic undersupply rather than monetary policy decisions.
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The Reserve Bank of Australia appears poised to pause interest rate cuts, signalling confidence in the economy despite contradictory data. Analysis suggests the RBA believes current conditions are stronger than indicators show.
The Reserve Bank of Australia has maintained its current interest rate stance, opting for caution amid economic uncertainty despite political tensions. Analysis reveals the central bank's delicate balancing act between inflation concerns and economic grow
The Reserve Bank of Australia maintains cash rate at 4.35% for seventh consecutive meeting, dealing another blow to struggling mortgage holders despite easing inflation pressures.
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Australian inflation has cooled to its lowest level in over two years, offering a glimmer of hope for households battling the cost-of-living crisis. We break down what's getting cheaper and what's still burning a hole in your pocket.
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Reserve Bank of Australia Governor Michele Bullock delivers a sobering message to Australians, warning that the cost-of-living crisis is far from over and high prices may persist, dashing hopes for near-term relief.
Former President Trump's unprecedented attacks on the Federal Reserve's independence threaten to destabilise global markets and undermine a cornerstone of US economic policy.
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