RBA keeps cash rate at 2 per cent at August meeting The Reserve Bank of Australia’s decision to keep the cash rate steady at 2 per cent for the third month in a row has heightened expectation it will not cut again in the current cycle. Despite the Tuesday decision being widely expected, the Australian dollar surged […]
Has unemployment peaked in Australia? No, says ANZ
Unemployment could remain around 6 per cent for some time, according to ANZ, with the economy’s growth rate not strong enough to bring it down . Unemployment came in at 6 per cent in June, up from May’s 5.9 per cent figure but down slightly from results in earlier months. Below-average output growth suggests that a […]
