RBA cuts rates and declares $100 billion bond-buying plan

Reserve Bank of Australia (RBA) yesterday announced a set of measures to aid the economic recovery in the monetary policy meeting. The bank has now of...

Commonwealth Bank Of Australia (ASX:CBA) Cuts Fixed Rate Mortgages &...

The Commonwealth Bank of Australia (ASX:CBA) is the first big bank to slash home loan interest rates in the wake of the RBA slashing official rates to...

Why is PM Scott Morrison’s decision on Christine Holgate dubbed “dou...

Australia Post CEO Christine Holgate has stepped down from her post after allegations of misuse of taxpayers’ money. Holgate’s decision co...

How is the market poised ahead of RBA meet?

The Reserve Bank of Australia (RBA) is set to announce monetary policy decision later today. The top brass at the bank have been continuously quashing...

RBA Throws Its Hat into The Digital Currency Ring

On 2 November 2020, Reserve Bank of Australia announced that it is collaborating with Commonwealth Bank (ASX:CBA), National Australia Bank (ASX:NAB),...

House prices rise for the first time since COVID-19, CoreLogic Index...

The property market seems to be recovering from the impact of the coronavirus pandemic-induced downturn. For the first time since the onset of COVID-1...

Australian Economic Recovery Witnesses Robust Demand in Essential Se...

The path to economic recovery is not an easy one for Australia or for any country for that matter. As there is no treatment available for coronavirus...

Is Cash rate to fall further in November? A pain point for retirees

Speculations are rife about further cash rate cuts by the RBA. The anticipation is a sigh of relief for mortgage loan borrowers and consumers, while t...

RBA releases brand new 100 dollar note into circulation

As part of the Next Generation Banknote program, the Reserve Bank of Australia released the new $100 banknote into general circulation on 29 October 2...

ATO Warns Companies Denting Stimulus Spirit to Pay High Dividends &...

The Australian Taxation Office (ATO) has warned companies against using loopholes to exploit tax concessions. While delivering a speech on Thursday, t...

CPI Rises 1.6% in Q3 2020 as Free Childcare Policy Ends, Fuel Prices...

Following the conclusion of free childcare programin mid-July 2020, Australia’s Consumer Price Index (CPI) has marked an uptick of 1.6 per cent...

ASX Retail companies set to embrace softer restrictions in Victoria

Victoria has been under hard lockdown restrictions for the second time since early July this year. Melbourne, the state’s capital, is an economi...

Does RBA rate cut in November seem inevitable now?

The coronavirus pandemic has made a deep cut in the financial robustness of the economies and businesses. By now, it has been made clear by the centra...

RBA Cash Rate Decision Under the Spotlight

The RBA is expected to hold its next monetary policy meet on 3 November. Till then speculations persist on whether interest rates will be cut down to...

Australia Marks Gradual Virus Control, Set to Fly Back Increasing Nu...

Australian Prime Minister Scott Morrison announced the much-awaited news on Friday that the country will slightly lift the cap on the number of citize...

Australian energy prices plummet to a six-year low in National Elect...

The Australian Energy Market Operator (AEMO) released the Quarterly Energy Dynamics (QED) report for Q3 ending on 30 September 2020, outlining the ele...

RBA Deputy Guy Debelle All Praise for Policymakers’ Role in COVID-19...

Speaking at FX Week Australia 2020, the RBA Deputy Governor Guy Debelle applauded the central banks and governments’ swift action against the CO...

At E-Commerce Summit, Scott Morrison eyes a digital decade for Austr...

Prime Minister Scott Morrison envisages Australia to be one of the world's leading digital economies in the next ten years. At the E-Commerce Summit...

Australia Gears up for Tourism 2.0: What’s Lies Ahead?

Tourism plays a substantial role in Australia’s overall economy. The sector is a large contributor to GDP as well as employment. Right when the...

Unemployment Rate Goes North in September post Strong August Showing

Economic analysts are pondering over the headline estimates of unemployment released by the Australian Bureau of Statistics. Australia’s unemplo...