Investing.com-- The Reserve Bank of Australia had considered raising interest rates earlier in August, the minutes of its recent meeting showed, amid persistent concerns that inflation will remain sticky for longer.
Investing.com-- Australia’s labor market grew much more than expected in July as strong job openings and record-high participation kept the sector running hot and contrary to the Reserve Bank’s expectations for a softer market.
Investing.com-- The Reserve Bank of Australia is no longer expected to hike interest rates in 2024 following some signs of easing inflation in the second quarter, Rabobank analysts said, although chances of a rate cut remained slim.