A weakening economy will force the Reserve Bank of Australia to cut interest rates three times this year to the uncharted territory of 0.75%, according to a leading economist. Westpac’s widely respected
On Tuesday Philip Lowe, the governor of the Reserve Bank, made it as clear as a central banker can get that interest rate cuts are coming. He also was as clear as he could be that the economy needs a of
SYDNEY (Reuters) - Australian Prime Minister Scott Morrison meet with the country’s central bank chief on Wednesday to discuss the nation’s slowing economy as pressure grows for urgent fiscal stimulus.
What we find is when the market turns … it increases very, very quickly once it starts moving up Chris Eves, property expert Analysts believe soft property markets, particularly in Sydney and Melbourne
U.S. dollar also rises against the yen as fears ease about U.S.-China trade tensions The dollar strengthened Tuesday, buoyed by gains against the Australian dollar after Reserve Bank of Australia cleared
SYDNEY (Reuters) - Australia’s re-elected coalition said on Tuesday it would struggle to deliver tax breaks for tens of millions of voters by July 1, a cornerstone of it’s election campaign, as the central
Australia’s struggling housing market has been given a shot in the arm after regulators indicated that banks could relax their mortgage lending requirements and the Reserve Bank hinted that a cut in interest
SYDNEY (Reuters) - Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts