The Consumer Price Index (CPI) rose 0.8% in the June 2023 quarter and 6.0% annually, according to the latest data from the Australian Bureau of Statistics (ABS).
ABS Head of Prices Statistics Michelle...
The Reserve Bank of Australia Board has decided to leave the cash rate target unchanged at 4.1% and the interest rate paid on Exchange Settlement balances unchanged at four per cent.
Interest rates...
CreditorWatch unveils End of Financial Year Survival Guide with tips and tools to help businesses tackle the challenging economic climate.
Leading economic indicators point to a challenging FY24 for Australian businesses, with many...
By CreditorWatch Chief Economist Anneke Thompson.
Despite clear signs that the Australian economy is well and truly into its necessary slowdown, the Reserve Bank of Australia (RBA) today increased the cash rate further,...
By CreditorWatch Chief Economist Anneke Thompson.
The Reserve Bank of Australia (RBA) continues to be concerned about services inflation, and has increased the cash rate further in order to strip more demand...
By CreditorWatch Chief Economist Anneke Thompson.
This month’s economic data was dominated by the release of quarterly CPI data. While an increase of 7% for the March quarter was promising in that it...
Australian retail turnover rose 0.2 per cent in February 2023, according to figures released by the Australian Bureau of Statistics (ABS). This follows a 1.8 per cent rise in January 2023.
ABS Head...
By CreditorWatch Chief Economist Anneke Thompson.
Despite clear signs that the brakes are being slammed on the Australian economy, the Reserve Bank of Australia (RBA) once again chose to increase the cash rate...
