Reserve Bank of Australia seems to have raised its hands when it comes to interest rate hike looking at the sluggish wage growth. The intend is to deliver a boost to households to take off the mounting debt burden. 782 more words
Tags » Australian Government
The Reserve Bank of Australia has recently dismissed a chance of rate hike any time soon after a period of financial turmoil. This has found relation to emerging fears of inflation and the mountain of household debt. 720 more words
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But he conceded he was powerless to force Mr Joyce to stand down as Deputy Prime Minister because the Nationals leadership can only be decided by the Nationals party room.
January data for Sydney and Melbourne house price revealed continuation of the fall in prices (as per figures provided from CoreLogic). Particularly, there has been a 0.9 per cent fall in Sydney while Melbourne house prices were still slightly better off with just a 0.2 per cent fall. 601 more words