Australia to become a ‘hermit nation’ in the absence of innovative policy
As Australia’s population declines for the first time in more than a century, Property Council chief Ken Morrison has...
The Reserve Bank of Australia has decided to keep the official cash rate on hold at 4.75 per cent.
RP Data’s research analyst Cameron Kusher said while inflation remains a concern for the Board, its November rate hike had done enough to dampen any immediate inflationary threats.
In fact, according to Mr Kusher, the RBA will more than likely keep rates stationary for the next few months, giving the country time to recover from the recent spate of natural disasters.