Australia’s unemployment rate has surged to its highest point in four years, raising fresh concerns about the country’s economic future. To revive the struggling job market, the Reserve Bank of Australia is now considering a cut in interest rates
Browsing: RBA
Australia’s central bank caught markets off guard by holding interest rates steady at 3.85%, bucking widespread expectations of a hike. The Reserve Bank highlighted economic uncertainty and easing inflation as the main reasons for pressing pause this time around
Breaking: In a surprising twist that stunned markets, the Reserve Bank of Australia has chosen to keep interest rates unchanged in a split decision, going against widespread predictions of a cut amid persistent economic uncertainty
The RBA is poised to deliver rapid rate cuts if economic instability arises from Trump’s policies, according to minutes that highlight a determined commitment to strengthening Australia’s economy amid global uncertainties