This will be Philip Lowe's final RBA board meeting as governor.
inflation was at its lowest level since early last yearOn August 30 the ABS said the consumer price index rose by 4.9 per cent over the last year – the lowest the measure has been at since the same figure was recorded in February 2022.
"This month's annual increase of 4.9 per cent is down from 5.4 per cent in June," ABS head of prices statistics Michelle Marquardt said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No interest rates rises predicted for Philip Lowe’s final RBA board meetingEconomists say interest rate pause likely for about a year as ABS releases weaker-than-expected economic data
Read more »
RBA to leave rates on hold ahead of economic growth data this weekShares will have an upbeat start on Monday ahead of a busy week with the RBA policy meeting, national accounts data and a final speech by governor Phil Lowe.
Read more »
RBA governor may lead both the bank’s new boardsThe RBA and Treasury are considering installing the bank’s governor as chairman of both the monetary policy board and a new governance board.
Read more »
ASX to rise as RBA decision, Lowe’s farewell top this week’s agendaAustralian shares are set to open higher, bolstered by gains in oil and iron ore. US markets will be closed for Labor Day.
Read more »
RBA keeping rates on hold is a ‘universal view’Judo Bank Chief Economic Advisor Warren Hogan says the prediction that the Reserve Bank will keep rates on hold this month is a “universal view”. “The data since their last meeting has all been very friendly – good news on the inflation front,” Mr Hogan told Sky News Business Reporter Edward Boyd. “No one is expecting a move.”
Read more »
ASX to open lower, RBA expected to hold rates steadyAustralian shares are set to fall with Philip Lowe poised to host his final board meeting as governor. Wall Street closed. Bitcoin steady.
Read more »