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The Latest Breaking News from Besa Deda

Aussie dollar breaks barrier as greenback loses shine

Australians travelling to the US are celebrating after the dollar broke through a key mark against the greenback for the first since early 2023.

AAP

Slow progress on inflation tempers interest rate hopes

Australia's annual inflation rate has sunk to a two-year low but is slightly above expectations, which might lengthen the wait time for rate cuts.

AAP

‘Bit of a conundrum’: contradictory economic signs make RBA rate prophecies difficult

Surveys point to two-track economy with low consumer confidence but business in a relatively strong position to weather any slowdown

The Guardian - AU

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Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The Guardian - AU

More economists predicting RBA will pause rate hikes

Westpac, St. George, HSBC, JP Morgan and AMP now expect the Reserve Bank won't raise rates in April - but ANZ and CBA still forecast a rate hike.

AAP

Unemployment rate falls back to 3.5 per cent

Fresh labour market data shows the unemployment rate falling back to 3.5 per cent, with 65,000 jobs added.

The New Daily

Hot jobs data bolsters case for another rate hike

Fresh labour market data shows few signs of a slowing jobs market, with one vacant position for every unemployed worker.

AAP

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Interest rate rises: is there a less painful way to curb inflation?

The Reserve Bank of Australia’s monetary policy has been criticised as unfair and ‘too blunt’. But what are the alternatives?

The Guardian - AU

What experts think of the RBA’s interest rate rises – and what they say is coming next

Five leading economists give their views on what’s on the horizon for Australia’s economic future

The Guardian - AU

Australia is banking on China’s economy to take off but headwinds are looming

The Albanese government is wary of Chinese economic volatility amid a slumping property sector and shrinking population

The Guardian - AU

RBA hikes rates in fight to tame inflation

The Reserve Bank has increased interest rates by another 25 basis points, locking in more mortgage pain for Australians over summer.

AAP

Annual wages growth reaches 3.1 pct

Wages are tracking upwards, growing by 3.1 per cent in the year to September, but still failing to keep up with the rising cost of living.

AAP

Recession unlikely in Australia, says IMF

Australia has had one of the strongest recoveries from the pandemic among advanced economies and is on track to avoid a recession, the IMF says.

AAP

Wholesale inflation at a 13-year high

Costs for Australian businesses rose 5.6 per cent in the 12 months to June 30, their biggest increase since December 2008.

AAP

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