Rate cut: Will it help or hurt?

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The Reserve Bank Board has cut the official cash rate by 25 basis points (quarter of a per cent) to 3.25 per cent. The Bank cited global factors as justifying

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Low inflation keeps door open for rate cut

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The TD Securities-Melbourne Institute monthly inflation gauge rose by 0.2 per cent in September after lifting by 0.6 per cent in August. Excluding volatile items, the inflation gauge was unchanged

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Budget on track despite record monthly shortfall

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The federal budget was in deficit by $43.7 billion in 2011/12 or 3.0 per cent of GDP. At the time of the May 2012 budget the government projected a deficit

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Tough trading times for business

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There was a further easing in economy-wide spending in August after temporary stimulus boosted spending in May and June. After sliding 5.4 per cent in seasonally adjusted terms in July,

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Principal Global Investors 2012 Central Bank Watch

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Principal Global Investors’ today released their monthly Central Bank Watch which evaluates the Reserve Bank of Australia’s current and expected interest rate policy. The report refers to the Reserve Bank

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RBA “no change” decision more finely balanced

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The latest Reserve Bank Board minutes confirms that the decision to leave rates on hold in September was more finely balanced than in prior months, due to the “significant downside

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Biggest fall in credit card debt in 18 years

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The average credit card balance fell by $69 (2.0 per cent) to $3,299.10 in July. It was the biggest fall in credit card debt for a July month on record

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Preference for bank deposits hits 38-year high

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The Westpac/Melbourne Institute index of consumer confidence rose by 1.6 per cent in September to a reading of 98.2. Sentiment levels are up 1.3 per cent on a year ago.

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More people give up search for work

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The unemployment rate eased from 5.2 per cent to 5.1 per cent in August. The participation rate eased from 65.2 per cent to a near 6-year low of 65.0 per

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Reserve Bank holds fire… for now

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The Reserve Bank Board has left the official cash rate at 3.50 per cent for the third straight month. The variable housing rate is applying modest stimulus to the economy

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