Page 2 - August Statement News Today

Recent research by the National Australia Bank (NAB) sheds light on shifting labour market dynamics in both the United States and Australia

The August Monetary Policy Statement should be another "steady as she goes" affair. The RBNZ communicated a strong on-hold stance in the last Monetary Policy Statement in May and in the subsequent OCR review. The overall data flow would likely not have significantly shifted that stance in either direction.

Higher long-term risk-free cash rates are going to create a protracted pain trade for risky assets.

The Public Company Accounting Oversight Board (“PCAOB”) announced on December 15, 2022 that it has secured complete access to inspect and investigate audit firms in mainland China and...

Business Scoop provides news and views on Business and Markets from New Zealand

Business Scoop provides news and views on Business and Markets from New Zealand

The official cash rate is expected to rise to 2. 35 per cent following todays RBA board meeting, according to major bank economists.  

“Australia’s back!” Climate Change Minister Chris Bowen told 7.30 host Sarah Ferguson triumphantly last night, declaring an end to a miserable lost decade of climate denial, division and dysfunction under the Abbott–Turnbull–Morrison governments.

Treasurer Jim Chalmers has warned Australians to brace for bigger real wage cuts than previously flagged ahead of an economic statement to the Parliament next week he said would be confronting.

Westpac Banking Corp (ASX:WBC) believes the Reserve Bank of Australia could lift rates again next week. Here's how much it is forecasting...