The Reserve Bank of Australia has again moved to increase interest rates, taking the official cash rate to 4.5 percent as the Australian economy faces inflation fears as it continues to recover.
The Reserve Bank is likely to increase rates for the sixth time in seven months at its monthly board meeting next Tuesday analysts predict, after inflation data came in higher than expected.
The Reserve Bank of Australia has signalled that its policy of aggressive interest rate changes over the past six months is nearing its end, with interest rates approaching ‘normal’ levels.
Australia’s current account deficit came in worse than expected at a seasonally adjusted $17.46 billion in figures from the Australian Bureau of Statistics Most economists had expected a deficit of $17.1 billion for the December quarter. The ABS says this could subtract 1.3 percent from Australia’s economic growth figures for the quarter. With GDP figures […]
In times of high inflation and rising interest rates, steady cash flow is crucial. Rob Lamers, CEO of Oxford Funding, writes about smart business practices to manage your money. It’s clear, from the Reserve Bank’s recent blunt statement on the need to rein in inflation, that monetary policy will be tighter in the period ahead, […]
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