Blog


RBA Cash Rate Announcement December 2017


At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved over 2017. Labour markets have tightened and further above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy continues to be supported by increased spending on infrastructure and property construction, although financial conditions have tightened somewhat as the authorities address the medium-term risks from high debt levels. Australia's terms of trade are expected to decline in the period ahead but remain at relatively high levels. Wage growth remains low in most countries, as does core inflation. In a number of economies there has been some withdrawal of monetary stimulus, although financial conditions remain quite expansionary. Equity markets have been strong, credit spreads have narrowed over the course of the year and volatility in financial markets is low. Long-t...

Read More

What's On In December 2017


  See what's happening around Perth for December 2017!


Board decided to leave the cash rate unchanged at 1.50 per cent


  At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy are continuing to improve. Labour markets have tightened further and above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Commodity prices have risen recently, although Australia's terms of trade are still expected to decline over coming years. Wage growth remains low in most countries, as does core inflation. Headline inflation rates have declined recently, largely reflecting the earlier decline in oil prices. In the United States, the Federal Reserve expects to increase interest rates further and there is no longer an expectation of additional monetary easing in other major economies. Financial markets have been functioning ef...


Statement by Philip Lowe, Governor: Monetary Policy Decision


    At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last year. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Commodity prices are generally higher than they were a year ago, providing a boost to Australia's national income. The prices of iron ore and coal, however, have declined over recent months as expected, unwinding some of the earlier increases. Headline inflation rates in most countries have moved higher over the past year, partly reflecting the higher commodity prices. Core inflation remains low, as do long-term bond yields. Furth...


Perth project named Australia's home of the year


  A luxurious three-storey home in Sorrento has been named home of the year at the 2017 HIA-CSR Australian Housing Awards. Announced on Saturday, the annual awards’ most prestigious gong went to builder Spadaccini Homes, which won both the Australian Home of the Year and Australian Custom Built Home of the Year awards.The home is fully automated, with lights, water features, televisions, security, doors and windows controlled via iPads. Covering almost 1500sqm, the spectacular home features five bedrooms, imported joinery from Europe, a fully automated smart home system, a spa overlooking the coast from the second floor, and marble flooring throughout — including in the 10-car display garage. WA also picked up a third prize at the awards, with local builder Averna Homes winning the title of best spec home for a project in Carine. WA has taken out the Australian Home of the Year prize in three out of the last four years, with Giorgi taking out the top honour in 2...


What's on in November 2016


See what's happening around Perth for November 2016!