Ivan Colhoun, chief economist, Markets at National Australia Bank, says more infrastructure spending can help Australia's economic transition.» Read More
Apart from keeping the central bank on hold, the surprisingly upbeat first-quarter GDP print will do little to boost domestic consumption, says David Solusky, head of investment strategy at UBS Wealth Management Australia.
A majority of Asia's stock markets fell on Wednesday, as upbeat economic data in the region failed to boost trading sentiment.
Australia's economy grew faster than expected in the first quarter, but analysts were concerned about the quality of the data.
David Bassanese, chief economist at BetaShares, says the quality of Australia's first-quarter gross domestic product isn't "fantastic" as consumer spending remained soft.
As regional bourses stumbled on the back of a slew of central bank decisions, Shanghai stocks outperformed on Tuesday.
The RBA kept interest rates steady at a record low 2.0 percent, in line with expectations, but the Australian dollar still pushed higher.
Matthew Circosta, economist at Moody's Analytics, discusses the jump in the Australian dollar following the Reserve Bank of Australia's decision to stand pat on monetary policy Tuesday.
Annette Beacher, head of Economic Research at TD Securities and David Walker, senior analyst at StocksInValue.com.au, discuss their expectations for the Reserve Bank of Australia's policy decision and outline trading strategies.
Ben Jarman, senior economist at JP Morgan, says nothing has "materially happened" since the Reserve Bank of Australia's May meeting to bolster the case for another rate cut.
The RBA will not cut rates anymore this year, says Steve Goldman, managing director at Kapstream Capital.
The RBA may be pleased with the lower Australian dollar following last month's rate cut, says Emma Lawson, senior currency strategist at National Australia Bank.
Investors should be a little bit nervous about the Australian dollar ahead of the central bank's meeting on Tuesday, says Sean Callow, senior currency strategist at Westpac.
With a potential Fed rate hike as a tailwind, the dollar rally looks set to resume and it could be powerful.
Australia and New Zealand are trying different methods to cool their biggest cities' housing markets without hurting borrowers, banks and their economies.
Equities in Shanghai and Tokyo were the star performers in Asia on Tuesday.
The Reserve Bank of Australia (RBA) left open the possibility it might cut interest rates further, minutes from its May 5 meeting showed, triggering a slump in the Australian dollar on Tuesday.
The 2015 budget includes short-term measures that will act together with monetary policy, along with long-term plans that will drive the economy, says Savanth Sebastian, equities economist at CommSec.
Apart from neglecting bigger challenges like innovation, the Abbott government has not lived up to its own rhetoric of bringing down the budget deficit, says Andrew Leigh, shadow assistant treasurer of Australia.
Australia's budget will be about propping up sub-par economic growth amid weak commodity prices rather than the traditional fiscal discipline, analysts say.
Phil O'Donaghoe, senior economist at Deutsche Bank, says the federal budget could see a deficit of 37 billion Australian dollars and expects Australia to only return to surplus in 2023 or 2024.