Australia poised to extend rate-rise pause as inflation cools

A key reason for the divergence is governor Philip Lowe’s desire to hold on to employment gains made during the pandemic. (Image: Bloomberg)

Bloomberg

Mon, 01 May 2023

By Swati Pandey Australia’s central bank is set to extend a pause in interest-rate increases on Tuesday following a deceleration in inflation that allows the board more time to assess the economic impact of its policy tightening to date.The Reserve Bank of Australia (RBA) will keep its cash rate at 3.6% for a second straight month, most economists predict and money market pricing shows. Deutsche Bank AG and Westpac Banking Corp were among those that switched to hold from hike calls after first-quarter core inflation came in unde...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am