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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus
The Australian dollar rose to its highest level this year on Tuesday as the central bank reiterated its determination to tame stubborn inflation, while the yuan climbed to a 16-month peak after fresh stimulus steps from China.
Stocks Set to Build on Record Highs After China Stimulus Boost
The stock market was looking to build on yesterday’s record close after China announced fresh stimulus measures meant to boost the economy. Dow futures were up 0.1%, while S&P 500 futures were up slightly.
China unveils fresh stimulus to boost ailing economy
China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy as it battles a prolonged property sector debt crisis, continued deflationary pressure and high
China's big-bang stimulus boosts yuan; Aussie up after RBA
China's yuan hit a 16-month high on Tuesday, after stimulus measures infused broader markets with enthusiasm and boosted the euro, while the Australian dollar touched a 2024 peak after the central bank reiterated its determination to tame inflation.
2m
At 2.7%, Australian Inflation Is Back Within The RBA Zone. Here's Why That Matters
A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%. The ...
1d
Glynn’s Take: Moves to Reform RBA Board Descend Into Farce
The Australian government’s push to reform the Reserve Bank of Australia’s policy-setting board is likely dead in the water, ...
2d
RBA Reforms Face Major Hurdle as Greens Demand Rate Cut
Australian Treasurer Jim Chalmers’ plans to overhaul the Reserve Bank have suffered a major setback after the left-wing ...
2d
RBA Set to Extend Rate Pause as Housing Crisis Props Up Prices
Australia’s record household debt was a key factor in the Reserve Bank’s cautious approach to tightening, and now housing is ...
1h
RBA wants to see ‘evidence’ of inflation rate coming down ‘further’ before cutting rates
Deloitte Access Economics Lead Partner Pradeep Philip says he thinks the Reserve Bank of Australia will cut rates “early in ...
1d
Asia Stocks Steady Ahead of RBA Decision, Ueda Speech
The euro was steady at $1.11055 in early Asian hours, having dropped about 0.5% on Monday as business activity reports for ...
1d
RBA Signals Key Rate to Stay at 12-Year High for Time Being
Australia’s central bank held its key interest rate at a 12-year high on Tuesday as it tries to subdue stubborn price pressures that are preventing it from joining a global easing cycle.
2h
Decline in inflation ‘not enough’ for RBA to lower rates
Sky News Political Editor Andrew Clennell says the drop in inflation to 2.7 per cent is “not enough” for the Reserve Bank to ...
Forex Factory
54m
Australian Inflation Rate Slides to 2.7% in August and into the RBA Target Range
Australian inflation figures influenced buyer demand for the AUD/USD pair. The Australian Monthly CPI Indicator fell from 3.5 ...
Financial Standard
3h
Inflation cools but RBA unlikely to budge
The Reserve Bank of Australia left rates on hold yesterday, but will today's cooling inflation figures do anything to move the needle on a rate cut?
1h
on MSN
RBA doing a ‘really good job’ in ‘very difficult economic circumstances’
Deloitte Access Economics Lead Partner Pradeep Philip says the Reserve Bank of Australia has generally been doing a “really ...
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interest rate
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