The Reserve Bank of Australia looks like it will announce today that the current official interest rate will not change for the time being, maintaining at 1.0%. This week, there will be economic data published to see if the central bank’s interest rate cuts in the past two months have contributed to the Australian economy.…
Rex Patrick, a member of Centre Allianz, said that independent parliamentarians in Congress will continue to promote the establishment of an independent anti-corruption commission at the federal level. Independent lawmakers gathered in the Capitol on Wednesday and called on the federal government to set up a state-level clean government. They believe that the National Integrity…
The Commonwealth Bank said on Friday that they would reduce the fixed-rate mortgage rates for two, three and five years by 0.2-0.8%, and apply to both self-occupied and investment mortgage holders. This month, including West Pacific, Australia and New Zealand, nationals and other small lending institutions also lowered fixed interest rates. The biggest rate cut…
Polls show that the support rate of the coalition party has risen sharply The latest poll after the election shows that due to the smooth running of Congress recently, several laws have been passed, and the support rate of the coalition party has risen sharply. Newspoll said that the current support rate of the coalition…
Reserve Bank President Philip Lowe confirmed the central bank’s consumer price index rising target, saying that if inflation is lower than the central bank’s target range, the disadvantages are greater. Before Roy’s speech at the annual Annika Foundation lunch in Sydney today, it was speculated that he would relax the central bank’s current 2-3% inflation…
Prime Minister Morrison appointed his own former office director to serve as the highest public servant in the country. The Secretary of the Treasury Department, Phil Gaetjens, will replace Martin Parkinson, who will retire next month, as the Prime Minister and Secretary of the Cabinet. Gaetjens served as the director of his office when Morrison…
National Party leader and Deputy Prime Minister Michael McCormack urged the unemployed in major cities to move to the towns of the states to find work. He also called on the government to increase subsidies for Newstart workers. Although Prime Minister Morrison opposed the increase of any government subsidies for job-seekers, there are still many…
West Pacific expects the RBA to cut interest rates twice before February next year and advance its forecast for the central bank to cut interest rates. Bill Evans, chief economist at West Pacific, said he expects the RBA to cut interest rates during the October meeting, compared to the previous forecast for November. He said…
Melbourne’s northern suburbs are particularly sought-after The Victorian Real Estate Sales Report shows that South Morang is the site of construction in the northern suburbs of Melbourne, where buyers have pushed the median price of open space to rise from $167,500 in December 2017 to $415,000 last year. Justin Sciola, sales consultant at Harcourts Rata…
National Australia Bank announced the current president of Royal Bank of Scotland (RBS), former Federal Bank executive Ross MaEwaan will become the bank’s new CEO. RBS President Ross McEwan left Australia in 2012 after the Federal Bank failed to win the position of president. McEwan’s base salary at NAB will be A$2.5 million and will…