Retail turnover grows 0.4% in September
Retail turnover improved across most Australian states and industries in September, continuing a streak of slim overall gains, ABS data shows
Retail turnover improved across most Australian states and industries in September, continuing a streak of slim overall gains, ABS data shows
Australian economic growth is showing early indications of swinging from well below trend in 2011 to above trend in early 2012, but Westpac (ASX:WBC) cautions it is too early to be sure
The RBA has once again elected not to change the cash rate, despite the downbeat tone of some economic indicators
The RBA has left the cash rate unchanged at 4.75% again, and projected that Australia's economic growth through 2011 will fall short of initial expectations
The RBA board has voted not to touch the cash rate again in June, on the belief that GDP and CPI inflation are returning to their target trajectory as the effects of natural disasters mitigate
The RBA has voted to leave the cash rate at 4.75%, but said there are signs that rising inflation will influence the rate in the long term
The RBA considers interest rates to be at an appropriate level to manage inflation in the medium term, the latest board meeting minutes show