SYDNEY (Reuters) – Australia will suffer its biggest economic contraction since the 1930s in the first half of this year due to containment measures to curb the spread of the coronavirus, its central bank governor said on Tuesday. Describing the contraction as... More »
SYDNEY (Reuters) – Australia’s central bank would consider unconventional monetary options if the cash rate was cut to 0.5%, Deputy Governor Guy Debelle said on Tuesday, though he hoped such heavy policy adjustments would not be needed. Debelle said the Reserv... More »
SYDNEY (Reuters) – Australia’s central bank believes it will likely have to cut interest rates further from the current record low of 1.25% in order to push down unemployment and revive growth in wages and inflation. Minutes of the Reserve Bank of Australia’s ... More »
SYDNEY (Reuters) – Damaging revelations of widespread misconduct in Australia’s banking sector could hurt house price growth and household spending, the country’s central bank said on Tuesday in a fresh signal that rates will stay at record lows for some time.... More »
