RBA Lowe warns against economic pessimism
RBA deputy governor Philip Lowe says monetary policy can only do so much, calling for more help in driving growth in the economy.
THE Reserve Bank's deputy boss has downplayed the risk of an Australian recession anytime soon, but wants more help to drive economic growth.
RBA deputy governor Philip Lowe said after a remarkable 25 years of economic growth, there would eventually be a period of contraction, and while he refused to rule out the possibility of a downturn he said the probability in the near term is low.
Worrying sign for home buyers after rate cut
The Australian housing market has surged on the back of interest rate cuts, completely reversing a soft start to the year.
Star Entertainment enters into trading halt
The embattled Star Entertainment Group has failed to lodge its half-yearly results with the ASX.
Millions of Aussies to get rate cut today
Rate relief for millions of Australians starts on Friday as the first of the big four banks finally pass on the RBA’s rate cut to mortgage holders.