Australia's central bank has held its policy steady for a year, judging the current cash rate of 4.35% - up from the 0.1% during the pandemic - is restrictive enough to bring inflation to its target band of 2-3% while preserving employment gains. Headline inflation ...
The bank's members agreed that if consumption were to remain substantially weaker than its forecasts, and this was expected to significantly reduce inflation, then a cut in the cash rate target might be warranted,minutes of the bank's November 4-5 board meeting showed. "At the same time, m...
Total Cash (Recent Filing)$650.70M Total Debt (Recent Filing)$4.23B Price to Earnings (P/E)51.6 Beta1.14 Next Earnings Feb 21, 2025 EPS Estimate $0.77 Last Dividend Ex-Date Nov 27, 2024 Dividend Yield1.18% Ritchie Bros News The Fly ...
said luci ellis, chief economist at westpac, who switched her forecast for the first rate cut from february to may. financial markets are currently pricing in over 70% chance of a cut in april. ellis added "the rba have shown a digging in of the heels" on ...
Michele Bullock has been Governor Lowe's deputy since April 2022 and a short time before the RBA began raising its cash rate but is promoted with more than 40 years of experience at the bank after joining as an analyst in 1985. "The government has made a first rate choic...