The Reserve Bank has left its key interest rates at a record low at its monthly board meeting, while warning it is monitoring developments in the heated housing market.
Reserve Bank governor Philip Lowe says it is important that business investment grows if Australia is to enjoy a strong and durable recovery from the COVID-19 pandemic.
The Reserve Bank has left its key interest rates unchanged following its monthly board meeting, while remaining committed to its bond buying program aimed at keeping borrowing costs low.
Many of Western Australia's small businesses carried a high degree of optimism into 2021, according to findings from the new 2020 BCEC Small Business Survey.
Former Reserve Bank of Australia governor Glenn Stevens once told parliamentarians that the Australian business community was lacking the "animal spirits" that were needed to drive economic growth.
A major business group believes the federal government's decision to expand a business expense tax break to larger companies will further boost investment and help create jobs.
Australia looks set to enjoy solid economic growth for the rest of what has been a traumatic year, rebounding smartly from the first recession in nearly three decades.
Reserve Bank governor Philip Lowe says a rapid economic recovery is possible if there is further good news on the health front, such as a COVID-19 vaccine.
Australia's biggest banks appear to be chasing new home loan business by cutting their fixed rate products, rather than supporting existing customers with variable rate mortgages.
Business failures will increase even as the Australian economy starts to recover from the coronavirus pandemic's impact, a senior Reserve Bank official says.
Reserve Bank officials have left the cash rate unchanged at a record low 0.25 per cent, allowing Treasurer Josh Frydenberg's federal budget to have the economic limelight.
There is growing speculation the Reserve Bank board will endorse a suite of measures to further boost the economic recovery from recession, including trimming the cash rate.
The Australian economy will take a "substantial and heartbreaking" hit from the coronavirus pandemic when official figures are released next week, the prime minister says.
Western Australia's jobless rate has improved by a modest amount, with 19,000 more people in mostly full-time work, while national figures worsened to their highest level in 22 years.
Mathias Cormann has given a strong hint he's exploring leading the OECD after politics, while cautioning Australia's international border closure could continue until late 2021.
The Reserve Bank of Australia has kept the cash rate at a record low 0.25 per cent at its monthly board meeting as it assesses the extent of recovery after the coronavirus-driven economic downturn.
The Reserve Bank of Australia has kept the cash rate at a record low 0.25 per cent at its monthly board meeting as it assesses the extent of the coronavirus-driven economic downturn.
The Reserve Bank boss has given his backing to the prime minister's post-COVID economic reform agenda, saying change is needed to help businesses expand, invest, innovate and hire people.
