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Australia Private Sector Credit +0.5% In February
(RTTNews) - Private sector credit in Australia was up 0.5 percent on month in February, the Reserve Bank of Australia said on Monday - steady from the January reading.
On a yearly basis, credit was up 6.5 percent.
Housing credit was up 0.4 percent on month and 5.6 percent on year, while personal credit rose 0.1 percent on month and 1.9 percent on year and business credit gained 0.8 percent on month and 9.0 percent on year.
Broad money was up 0.6 percent on month and 5.2 percent on year.
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Australia Keeps Key Rate Unchanged As Expected
The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent. In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
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15h 31min ago
Australia Retail Sales Rise 0.2% In February
The value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$37.129 billion.
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23h 9min ago
Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 52.1.
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1 day ago
Australia Inflation Eases Slightly In February
Australia consumer price inflation softened unexpectedly in February, raising hopes of another interest rate cut in coming months. The monthly consumer price index rose 2.4 percent year-on-year in February, after holding steady at 2.5 percent in the previous two months, the Australian Bureau of Statistics reported Wednesday.
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6 days ago
Australia Manufacturing Sector Accelerates In March - S&P Global
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6.
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9 days ago
Australia Unemployment Rate Steady At 4.1%
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in February, the Australian Bureau of Statistics said on Thursday - in line with expectations and unchanged from the January reading.
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12 days ago
RBA's Hunter Says Monetary Policy Is Always Data Dependent
The monetary policy is always data dependent and the link between the central bank's forecast and policy decision is not mechanical, Reserve Bank of Australia Assistant Governor Sarah Hunter said Tuesday. There are always risks and uncertainties around the central forecast and the baseline pathway is just one of a vast number of possible outcomes, she said in Sydney.
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14 days ago
Australia GDP Growth Tops Expectations
Australia's economy logged a faster-than-expected growth in the fourth quarter underpinned by exports and government spending, data from the Australian Bureau of Statistics revealed on Wednesday. Gross domestic product climbed 0.6 percent sequentially in the December quarter, following a 0.3 percent rise in the September quarter. GDP was expected to grow 0.5 percent in the fourth quarter.
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27 days ago
