Australia extends rate pause to second month, currency drops

Australia extends rate pause to second month, currency drops
(Image: Bloomberg)
Bloomberg
By Swati Pandey(Bloomberg) -- Australia’s central bank kept its key interest rate unchanged on Tuesday following a cooling of inflation pressures and weaker household spending while keeping the door ajar to future hikes.The Reserve Bank of Australia (RBA) left its cash rate at 4.1% for a second straight meeting, wrongfooting a majority of economists but in line with market expectations. The second-consecutive pause suggests the RBA may be approaching the end of its tightening cycle.“Some further tightening of monetary policy may be...

More Bloomberg

Nvidia’s rise to US$3 trillion fuels ‘Jensanity’ in the tech world
Technology

Nvidia’s rise to US$3 trillion fuels ‘Jensanity’ in the tech world

At Computex, cheering, chanting fans followed the billionaire everywhere.

Bloomberg 15 Jun 2024
Google's AI keeps hallucinating. Does anyone care?
Technology

Google's AI keeps hallucinating. Does anyone care?

Complacency over AI errors will only make the search experience worse.

Bloomberg 02 Jun 2024
$350 trillion to save the planet is a bargain
Climate change Opinion

$350 trillion to save the planet is a bargain

The longer we wait, the faster the bill grows, and so, too, does the damage.

Bloomberg 01 Jun 2024
EU, Australia sign critical minerals pact to diversify supply chains
Bloomberg

EU, Australia sign critical minerals pact to diversify supply chains

Access to critical materials has become a serious concern for the EU.

Bloomberg 29 May 2024