RBA Overhaul: New Committee to Set Interest Rates
The Reserve Bank of Australia is implementing a major restructuring, starting this week, shifting interest rate decisions to a nine-member monetary policy committee, aiming for greater transparency and public engagement. This includes publishing aggregate vote tallies and increasing public appearanc...
RBA Overhaul: New Committee to Set Interest Rates
The Reserve Bank of Australia is implementing a major restructuring, starting this week, shifting interest rate decisions to a nine-member monetary policy committee, aiming for greater transparency and public engagement. This includes publishing aggregate vote tallies and increasing public appearanc...
Progress
44% Bias Score
Sluggish Australian Economic Growth Driven by Government Spending
Australia's economy grew by a weaker-than-expected 0.3 percent in the September quarter, with annual growth at 0.8 percent—the worst since the 1990-91 recession outside of COVID-19. Government spending, including energy subsidies, significantly boosted overall growth, while household spending remain...
Sluggish Australian Economic Growth Driven by Government Spending
Australia's economy grew by a weaker-than-expected 0.3 percent in the September quarter, with annual growth at 0.8 percent—the worst since the 1990-91 recession outside of COVID-19. Government spending, including energy subsidies, significantly boosted overall growth, while household spending remain...
Progress
48% Bias Score
RBA Cuts Rates Amidst Full Employment Uncertainty
The Reserve Bank of Australia unexpectedly cut interest rates by 0.25 percentage points to 4.35 percent last week, despite maintaining them at that level for 15 months, due to uncertainty about the impact of near full employment on inflation. This has caused confusion within the markets.
RBA Cuts Rates Amidst Full Employment Uncertainty
The Reserve Bank of Australia unexpectedly cut interest rates by 0.25 percentage points to 4.35 percent last week, despite maintaining them at that level for 15 months, due to uncertainty about the impact of near full employment on inflation. This has caused confusion within the markets.
Progress
52% Bias Score