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Category RBA

Unexpected rise in unemployment adds pressure on RBA

Unexpected rise in unemployment adds pressure on RBA

Australia’s ABS will start publishing a complete monthly inflation index on 26 November, beginning with October data. More details will come on Wed...
Middle East tensions rattle global economy, warns Australian treasurer

Middle East tensions rattle global economy, warns Australian treasurer

The world’s economy is getting slammed from all directions, and Australia just said it out loud. On Monday, Treasurer Jim Chalmers told ABC TV that...
Reserve Bank of Australia (RBA) cuts interest rates for the first time since 2020

Reserve Bank of Australia (RBA) cuts interest rates for the first time since 2020

The Reserve Bank Board of Australia (RBA) announced they had cut interest rates by 25 basis points to 4.10%.  The easing is the first since Novembe...
AMP invests $27M in Bitcoin for the first time

AMP invests $27M in Bitcoin for the first time

Australia’s largest super fund, AMP, has invested $27 million of its portfolio in Bitcoin, making it the first major fund to venture into the crypt...
Reserve Bank of Australia maintains interest rate at 4.1% while inflation remains elevated

Reserve Bank of Australia maintains interest rate at 4.1% while inflation remains elevated

The Reserve Bank of Australia (RBA) has maintained its interest rate at 4.1 percent for the third consecutive month. However, they have indicated t...