A better-than-expected Aussie business spending data supports Aussie. While business spending, as represented by private capital expenditure (CAPEX), fell 5.9% in the second quarter, the actual reading was better than the forecasted drop of 8.4%. The third estimate for 3 for 2020-21 came in at $98,624 million – 12.6% lower than the third estimate for [...]
At its Aug.4 policy meeting, the Reserve Bank of Australia (RBA) held its cash rate at a record low of 0.25% in an expected decision. It slashed rates in an emergency meeting in March. Australia's central bank does not need to further ease policy for now as its package of measures was working broadly as [...]
After being the household spending being hit, Australian wages grew at their slowest pace on record in the second quarter. The official wage price index (WPI) rose 0.2% in the three months to the end of June. That was below the already subdued 0.3% forecast and the 0.5% growth seen in the previous quarter. The [...]
The Reserve Bank of Australia’s (RBA) monetary policy decision was out at 04:30 GMT on Tuesday while the recent pessimism concerning the coronavirus (COVID-19) outbreak in Victoria was prevailing in the market. The RBA left its currency monetary policy adjustment unchanged for the third straight August, maintaining a record low of 0.25% of the official [...]
