Tuesday, 16 July 2019
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Tuesday, 16 July 2019 08:53 WIB

Australia's central bank is focused on the jobs market and said it will adjust policy if needed to support economic growth and keep inflation on track to return to target. In minutes of its July 2 meeting, when it cut interest rates for a second month to a record-low 1%, the Reserve Bank noted wages growth remained low overall and œspare capacity was likely to remain in the labor market for some time. The easing would œpromote stronger overall economic conditions, it said Tuesday. œThe extent of spare capacity in the economy, and the likely pace at which it would be absorbed,...

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Thursday, 23 May 2019 01:16 WIB | FOMC

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The Federal Reserve on Wednesday left unchanged a key U.S. interest rate that influences the cost of borrowing for mortgages and all sorts of consumer and business loans, noting a recent decline in inflation even as the economy continues to grow "at a solid rate." In a unanimous vote, the Fed kept its benchmark interest rate in a range of 2.25% to 2.5%. Senior officials sounded more upbeat about the economy after a slow start in early 2019 and pointed to a recent decline in inflation as reasons to stand pat. The government said last week GDP rose a surprisingly robust 3.2% in the first...

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