Tag: Inflation

The Reserve Bank has again left the official cash rate on hold at 3.5 percent, citing on trend inflation and growth as well as a rise in the number of businesses applying for credit.

While employees in many European countries hold little hope of seeing their salaries rise to match inflation, research has found Australians and workers in the Asia Pacific are feeling optimistic when it comes to their pay packet.

The Reserve Bank (RBA) has cut the national interest rate to 4.25 percent, the second consecutive cut it has made in its monthly meetings—the first back-to-back monthly cuts since April 2009.

Inflation fell 0.1 percent in August after rising 0.3 percent in July, with sliding prices of fruit and vegetables more than offsetting price rises for private motoring, furniture and furnishings, and household services.

The Reserve Bank of Australia (RBA) has decided to hold interest rates at 4.75 percent, leaving the official cash rate at the same level it’s sat at since November 2010, when the RBA last increased it by 0.25 percent.

The Reserve Bank of Australia Board in its meeting today decided to hold official interest rates unchanged at 4.75 percent due to the dampening effect on inflation and economic activity as a result of the floods in Queensland.

The Commonwealth Bank of Australia has increased interest rates its range of home loan products by 0.45 percent, almost double the official interest rate rise from the Reserve Bank of Australia yesterday.

Australian employees forced to compete for the shrinking pool of skilled workers will need to pay more to attract staff or turn to skilled migration using the Federal Government’s 457-visa program, according to KPMG’s Skilled Migration Survey 2010.

The Australian Bureau of Statistics September Quarter Producer Price Index for September shows inflation for business inputs rising, up 1.3 percent in the September quarter and up 2.2 percent for the year for ‘Stage 3’ production.

Interest rates in Australia remain unchanged by the Reserve Bank of Australia at 4.5 percent after earlier expectations that the RBA would increase official interest rates 25 basis points to 4.75 percent.