Australia's central bank is cautious about cutting rates further given cost pressures in a hot labour market, but it will respond if inflation slows more quickly than expected, senior officials said on Friday.

Australias labor market exceeded expectations in January, driven largely by gains in female employment, signaling continued economic resilience. Data from the Australian Bureau of Statistics (ABS) revealed employment

It’s too soon to declare that the battle to contain inflation in Australia is over and a cautious approach to interest rate cuts is still needed, the deputy governor of the Reserve Bank of Australia,

The strength in the job market defies evidence that economic growth is weak, economists said. Borrowing costs remain high with the Reserve Bank of Australia only moving this week to deliver the first reduction in the official cash rate since 2020.

The Reserve Bank of Australia (RBA) signaled no commitment to additional rate cuts following its 25 basis point reduction in February, according to meeting minutes released Tuesday. Policymakers remain cautious

The CEO of Australia's biggest bank said on Tuesday the country’s easing cycle would be “slower and shallower” than what people had been expecting, predicting that further rate cuts would not arrive until later in the year.

The GDP growth beat expectations of a 1.2% rise from economists polled by Reuters, and also surpassed the 1.1% climb expected by the Reserve Bank of Australia. Growth was "modest" but broad-based, supported by exports from the country Last month,

AUSTRALIA’S economy accelerated in the final three months of last year, supporting the Reserve Bank of Australia’s (RBA) cautious approach to further policy easing even after it cut interest rates last month.

AUSTRALIA’S central bank board cut interest rates in February mainly due to the risk of keeping policy too tight for too long, though a strong labour market made it cautious about the chance of further easing.

The Reserve Bank of Australia isn’t committed to any course of action on interest rates with Gov. Michele Bullock cautioning that easing policy too quickly may stoke a fresh wave of inflationary pressures.

Australia's economy grew by 0.6 per cent in the December quarter, and 1.3 per cent through the year, according to the Australian Bureau of Statistics (ABS). It means the economy's rate of growth picked up noticeably at the end of 2024.

TEMPO.CO, Jakarta - Bank Indonesia and the Reserve Bank of Australia (RBA) have agreed to renew their Bilateral Currency Swap Arrangement (BCSA). The agreement was signed by BI Governor Perry Warjiyo and RBA Governor Michele Bullock and is effective from March 4, 2025, for a period of five years.