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SYDNEY (Reuters) - Australian consumer price inflation held at a two-year low in January, dashing forecasts for a tick higher and reinforcing market expectations interest rates would not need to increase any further. There has been limited market r...
SYDNEY (Reuters) -Australian wages grew at the fastest annual pace in 15 years in the fourth quarter as low unemployment and stiff competition for workers pushed up pay deals, although analysts suspect the best is over as the economy sputters. Figures from the Australian Bureau of Statistics on Wednesday showed the wage price index rose 0.9% in the December quarter, matching market forecasts. Analysts expect wage growth would moderate from here as the red-hot labour market loosens, a welcome sign for the Reserve Bank of Australia, which has raised interest rates by 425 basis points to a 12-y...
The Australian and New Zealand dollars inched higher on Wednesday after cracking resistance offshore, while both held near nine-year peaks on the yen amid a spate of downbeat data on the Japanese...
Australia's central bank needs more time to be confident inflation is on the decline before it can rule out another hike in interest rates, though a slowdown in consumption was bringing the economy... -February 19, 2024 at 07:38 pm EST - MarketScreener
A look at the day ahead in European and global markets from Wayne Cole. High hopes China's markets would return from the break with a spring in their step…