Australia's central bank felt it needed to cut interest rates at its May meeting because the economy was still growing at a below-potential pace and inflation was not a threat, minutes showed on Tuesday.» Read More
Australia's central bank felt it needed to cut interest rates at its May meeting because the economy was still growing at a below-potential pace and inflation was not a threat, minutes showed on Tuesday.
John Daley, CEO of Grattan Institute warns that Australia has a serious deficit problem that needs to be dealt with and should keep in mind the lessons from Europe's crisis.
Australia's Labor government delayed its promise to return the country to a budget surplus. CNBC's Matthew Taylor reports live from Canberra.
David Bradbury, Assistant Treasurer of Australia, says there is still room for the RBA to cut rates further. He also deconstructs Treasurer of Australia Wayne Swan's comments and the budget expectations stating that mining boom will continue while jobs remain the key focus.
Australia's much better than expected jobs data on Thursday have many market watchers wondering if the Reserve Bank of Australia (RBA) did the right thing by cutting interest rates earlier this week.
Nathan Bell, Research Director at the Intelligent Investor says Australian investors are facing a once in a lifetime opportunity to invest in overseas assets with much cheaper valuations than domestic assets.
Ivan Colhoun, chief economist for Australia at ANZ, describes the Australian central bank's rate cut as an "insurance move" meant to weaken the currency and offset mining sector weakness.
Chris Tedder, Research Analyst at FOREX.com says it is more prudent for the RBA to postpone a rate cut to next month.
Australia's central bank plans to invest some of its foreign currency reserves in Chinese government bonds for the first time, part of a wider move to strengthen ties with the country.
Australia's central bank felt the current level of interest rates was low enough to spur growth in many parts of the economy.
David Degaris, Director & Senior Economist of NAB Global Markets Research and Matthew Circosta, Economist at Moody's Analytics go head to head over the prospects for Australia's economy outside its mining sector. Circosta sees green shoots in the domestic economy while Degaris is still concerned about Australia's transition away from the mining and resources sector.
Todd Elmer, Currency Strategist at Citi remains cautious on the yen while weighing the impact of BoJ easing and other global central bank strategies on major currencies across the board.
Australia's highly-regarded central bank governor, Glenn Stevens, will remain in his position for a further three years after his current seven-year term expires in September.
The Reserve Bank of Australia (RBA) kept interest rates on hold on Tuesday, in line with market expectations, saying that global downside risks appear to have eased and previous rate cuts are stimulating the economy.
Nicki Hutley, Director of Economics at KPMG tells CNBC's Cash Flow how to play the Australian dollar in the wake of the RBA's latest policy meeting.
Paul Bloxham, Chief Economist for Australia and New Zealand at HSBC, says that monetary policy in Australia is hitting the bull's eye in terms of the government's desired targets. He also describes why China's growth story is showing no signs of losing steam as he expects growth to touch north of 8%.
A surprise jump in Australia's job numbers in February, the biggest increase in over a decade, had many market watchers close the door on more rate cuts, but one economist says the possibility of easing stays alive.
Ben Clark, Portfolio Manager at TMS Capital tells CNBC about which Australian stocks to invest in and why. He also says that he doesn't think there will be any more rate cuts.
Peter Elston, Head of Asia Pacific Strategy and Asset Allocation at Aberdeen Asset Management explains how the recent strength in Australia's economy is the result of the RBA's rate cuts.
Australia's central bank said it had been targeted by cyberattacks and that no data had been lost or systems compromised.