Australian Leader’s Passion for Surplus Defies Stimulus Calls

Australian Leader’s Passion for Surplus Defies Stimulus Calls

Australian Prime Minister Scott Morrison is rejecting calls to use improving government coffers to inject stimulus into the sluggish economy, even after the central bank was forced to cut interest rates to a record.

Australia Aug retail sales rise after rate cuts, tax rebates

Australia Aug retail sales rise after rate cuts, tax rebates

SYDNEY (Reuters) - Australian retail sales climbed in August, marking their biggest rise in six months and suggesting that recent interest rate cuts and tax rebates were helping to lift consumer spending but only up to a point.

Analysts downgrade long-term Aussie forecast on dovish RBA, NZ$ seen slipping: Reuters poll

Analysts downgrade long-term Aussie forecast on dovish RBA, NZ$ seen slipping: Reuters poll

SYDNEY (Reuters) - Analysts trimmed their long term forecast for the Australian dollar, a Reuters poll showed, as markets priced in more interest rate cuts by the country's central bank, including unconventional monetary easing measures.

RBA is cutting rates because the government has abandoned responsibility for economic growth

The economy is struggling mightily and only the RBA is trying to get things going

The Guardian - AU

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This is a family of lifters, not leaners — but that doesn't mean they've got it made

This middle-class family is doing better than many Australians, but dig a little deeper and the hopes that an education and hard work will return a good standard of living are far from being met.

Australian car sales slump again in September as banks tighten lending

SYDNEY (Reuters) - New car sales in Australia fell for the 18th consecutive month in September, suggesting back-to-back interest rate cuts in June and July had failed to lift consumer spending as banks contain their lending.