The Reserve Bank of Australia (RBA) lopped a half-point from its growth forecast in the current fiscal year ending 30 June. The country’s GDP will grow by 1.3 percent, the bank said, not the 1.8 percent it had expected in November.
Tag: Australia
Post
AUSTRALIA WILLING TO FOLLOW U.S. TO WAR, ANNOUNCES PLANS TO PRODUCE GUIDED MISSILES FOR WASHINGTON
It’s WWIII and you just don’t know it yet.
Post
AUSTRALIA SENDS MORE MONEY TO KEEP BLOODYING UKRAINE KILLING FIELDS
Despite Russia posing no threat to Australia, Canberra announced last week that it will provide Ukraine with another $110 million in aid.
Post
AUSTRALIA’S CENTRAL BANK SURPRISES WITH QUARTER-POINT RATE HIKE
The Reserve Bank of Australia (RBA) raised its base interest rate a quarter point last week, only a month after it announced a pause in rate increases so it could assess the economic impact of its higher rates.
Post
AUSTRALIA’S INFLATION RATE HITS 32-YEAR HIGH
Inflation in Australia rose to 7.3 percent in this year’s third quarter, its fastest clip since the same period in 1990, which at the time caused the country’s central bank to raise interest rates so high that the economy lurched into recession.