Weak capex to snip GDP
Soft investment data is set to drag on growth amid signs more funding is in the pipeline.
Soft investment data is set to drag on growth amid signs more funding is in the pipeline.
The RBA steps up warnings over the trade war, saying Australia has been a major beneficiary of a system now under threat.
A much better-than-expected 41,000 jobs were created in July, although the unemployment rate stayed unchanged at 5.2pc.
Australia is actually benefiting from the US-China trade stoush but major risks loom, warns RBA.
Public service pay helped fuel better than expected wages growth, but likely not enough to avert more rate cuts.
A Reserve Bank official’s comments suggest confidence that conventional policy will work to lift Australia’s sluggish economy.
The RBA’s entry into unconventional monetary policy, if warranted, would be multifaceted, governor Philip Lowe says.
A string of central banks have cut interest rates, suggesting the global rate-cut cycle will gather steam in the months ahead.
Philip Lowe’s statement does little to inspire belief he’s done easing monetary policy.
Consumer spending has been dwindling for the past 12 months triggering the nation’s poorest retail sales figures in 28 years.
Original URL: https://www.theaustralian.com.au/author/james-glynn/page/21