Australia

RBA Minutes Indicate a Patient Central Bank

The Minutes of the previous central bank board monthly monetary policy meeting were released today.  In the minutes the RBA indicated that it was prepared to be patient and examine more economic data, including inflation figures due on Wednesday, before deciding to cut the cash rate again.  The minutes of the meeting held on 7th …

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Rate Cut Less Likely after Jobs Data

The chance of a Reserve Bank interest rate cut in May has been thrown into doubt after Australia’s unemployment rate unexpectedly plummeted to 6.1 per cent.  The fall was driven by a surprisingly strong gain in jobs, taking economists by surprise amid expectations unemployment would have remained steady at 6.3 per cent in March. The …

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