Australia Inflation Moves Back Into RBA Target Band

April 26, 2017 by

Australia’s annual inflation rate has moved back into the central bank’s target range for the first time in more than two years, data showed Wednesday, all but ruling out more interest rate cuts. Consumer prices rose 0.5 percent in the March quarter, taking the annual rate to 2.1 percent, the Australian Bureau of Statistics said. … Read more

Australia Goes 25 Years Without Recession

March 1, 2017 by

Australia’s economy gained momentum in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. It brings the country close to breaking the Netherlands’ record of modern-era uninterrupted economic growth. Australia’s economy had contracted in the third quarter but the surprise 1.1% rise pulled the annual figure back to … Read more