Following the bank’s last board meeting of the year, the RBA held the cash rate where it has been since November last year, despite growing expectations in financial markets it will soon have to lift rates to deal with emerging inflation pressures.
RBA governor Philip Lowe played down concerns about inflationary pressures across the economy, saying the bank was committed to keeping interest rates low. Dr Lowe said while house prices had climbed strongly over the past year, the rate of increase was slowing. The decision was released after Australian Bureau of Statistics figures showed residential house prices increased 5 per cent in the September quarter, to be up 21.7 per cent over the past year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jobs surge and inflation pressures build ahead of RBA meetingSurging job ads and signs inflation pressures are embedding themselves in the economy may force the Reserve Bank to bring forward plans to slow its money-creation program at its final meeting of the year swrighteconomy | ausecon rates RBA
Source: theage - 🏆 8. / 77 Read more »
Jobs surge and inflation pressures build ahead of RBA meetingSurging job ads and signs inflation pressures are embedding themselves in the economy may force the Reserve Bank to bring forward plans to slow its money-creation program at its final meeting of the year swrighteconomy | ausecon rates RBA
Source: theage - 🏆 8. / 77 Read more »
Patient dies in Darwin due to 'medication error', another 'seriously harmed' in remote clinicA patient 'died unexpectedly' at Royal Darwin Hospital following a 'medication error' and a second patient was 'seriously harmed' in a remote clinic after a similar mistake, new data shows. These are incidents of human error. These things can happen when the workforce are exhausted from being over-worked, under-resourced and under-supported 😢
Source: abcnews - 🏆 5. / 83 Read more »
Benefits of vaccinating children outweigh risksParents can start preparing for vaccination of primary school children, so what are the risks? | OPINION covid19 vaccination Pfizer 😂 Given this age group has zero mortality we’ll see how this headline ages! Why How many young kids have been seriously ill? Vaccines don't stop transmission... young kids don't need more jabs. Concentrate on getting more adults vaccinated at home and in those countries that need help doing doing so.
Source: theage - 🏆 8. / 77 Read more »
Benefits of vaccinating children outweigh risksOpinion: Parents can start preparing for vaccination of primary school children, so what are the risks? Benefits are to 5 year olds are:....none? Risks are? Pericarditis/myocarditis, permanent damage to the heart. Why do we need to do this? To ensure Pizer makes a healthy profit. Sydney’s version of Pravda doing their part to boost Pfizer’s profits. You people are shameless sycophants. Keep that abhorrent clot shot away from children. The Australian government will coverup any adverse effects caused by the vaccine which has resulted in more than 10,000 injury claims being filed already. They should only vaccinate kids with underlying conditions including obesity. auspol
Source: smh - 🏆 6. / 80 Read more »
Thousands of Barmy Army fans to miss the Ashes due to border restrictionsThe Barmy Army has promised there will still be a 'strong vocal presence' from the vocal supporter group despite 'thousands' of members unable to travel from the UK.
Source: SkyNewsAust - 🏆 7. / 78 Read more »