Inflation Comes in Higher Than Expected – The Australian currency surged almost a full US cent to $US1.1063 after the government reported key measures of underlying inflation rose by 0.9 per cent in the second quarter. That was above forecasts of a moderate 0.7 percent rise and matched the worrying increase recorded in the first [...]
Tags: Aussie Dollar, Inflation
Posted in Money
RBA Defends Interest Rate Hikes – The central bank has defended its most recent interest rate rise, saying the “early, modest tightening” was a pre-emptive move to guard against future inflationary pressures. Reserve Bank of Australia (RBA) deputy governor Ric Battellino says inflation is now “broadly in the middle of the target range”. But over [...]
Tags: Amount Of Money, Australian Economy, Bank Of Australia, Basis Points, Board Meeting, Deputy Governor, Economic Developments, Economic Growth, Inflation, Inflationary Pressures, Interest Rate Hikes, Interest Rate Rise, Interruption, Medium Term, Meeting Minutes, Monetary Policy, Reserve Bank Of Australia, Reserve Bank Of Australia Rba, Sustainable Path, Target Range
Posted in Money
China Slows It’s Own Economic Growth – The world’s second-largest economy grew 9.6 per cent in the quarter ending in September over a year ago, data showed. That was down from the previous quarter’s 10.3 per cent but still by far the highest of any major economy. The Chinese Government said the slowdown was in [...]
Tags: Beijing, Bureau Of Statistics, Chinese Demand, Chinese Government, Economic Conditions, Economic Growth China, Factory Machinery, Global Growth, Global Markets, Inflation, Iron Ore, Moderate Growth, National Bureau Of Statistics, National Economy, Ore Factory, Rate Hike, Rate Hikes, Slowdown, Surprise Rate, Target
Posted in Money
Interest Rates Set To Rise Through Christmas – Interest rates have been at a historic low for a long time and now it seems, the RBA is ready to start lifting them. The RBA has seen opportunity to raise rates in past but have refrained from doing so citing external factors such as the large [...]
Tags: christmas, Christmas Period, Consumers, Debt Burden, Europe, External Factors, Good Shape, House Sales, Housing Market, Inflation, Interest Rate Hike, Interest Rates Unemployment, Long Time, Opportunity, Rba, Steam, stress
Posted in Money
Kevin Rudd Gets $600K A Year For The Rest Of His Life – As prime minister for more than a year he is entitled to superannuation, a gold air pass, a car, at least four personal staff and his own office in Brisbane for life. If Mr Rudd lives to be 85, that would cost [...]
Tags: airline, brisbane, Cameramen, Canberra Day, Daily Telegraph, Dear Friend, Dusk, Former Prime Minister, Gold Pass, Inflation, kevin rudd, Last Goodbyes, Lifelong Journey, Norman Park, Office Space, Office Staff, Parliament, Personal Staff, Photographers, Therese Rein
Posted in Politics
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