The Reserve Bank of Australia (RBA) has raised the cash rate for the first time in over a decade, up 0.25 percentage points to 0.35 percent. The decision came earlier than what was initially indicated in response to March quarter inflation figures, released on April 27, that showed annual inflation had surged to 5.1 percent,…
Australia Hikes Official Interest Rate for First Time in Over a Decade
May 3, 2022
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Australia’s Inflation Rate Jumps to 5.1 Percent, Highest Since Introduction of GST
Inflation in Australia has accelerated by 2.1 percent during the first quarter of the year, bringing the annual inflation rate to 5.1 percent. The Australian Bureau of Statistics (ABS) revealed that this was both the highest quarterly and annual consumer price index increase since the introduction of the goods and services tax (GST) in July…
Reserve Bank of Australia Hints at First Interest Rate Hike in Over a Decade
April 19, 2022
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The Reserve Bank of Australia (RBA) is no longer reiterating its willingness “to be patient,” a line that previously replaced its guidance that the cash rate would not rise before 2024, meaning an interest rate hike may be on the horizon. In the RBA board minutes for April, it was noted that both inflation and…
Australian’s Inflation Is Less Severe Than The Global Trend, But Risks Still Remain: Study
Australia has so far avoided the worst of the global trend of rising inflation, a research paper has found. The study (pdf) from the Centre for Independent Studies, a think tank specialising in public policy research, has found that while most countries were now witnessing the highest rates of consumer price inflation in decades, with…
Australian Inflation Less Severe Than Global Trend, But Risks Still Remain: Study
Australia has so far avoided the worst of the global trend of rising inflation, a research paper has found. The study (pdf) from the Centre for Independent Studies, a think tank specialising in public policy research, has found that while most countries were now witnessing the highest rates of consumer price inflation in decades, with…
Aussies to Wait 2 Years Before Used Car Prices Drop
March 2, 2022
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Australians looking to buy a reasonably priced car may need to wait for another two years for prices to go back down, and even then, its unlikely to go down to pre-pandemic prices. Ajay Bhatia, the managing director of Carsales Australia, told The Epoch Times that he believes car prices have plateaued and will remain…
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