Reserve Bank of Australia leaves interest rates at record low for 2 straight years
Businessam Staff
August 7, 2018
The Reserve Bank of Australia (RBA) has held interest rates steady at its August meeting, declining to follow moves in recent months to tighten liquidity by some other central banks, according to agency news reports. Specifically, the RBA left its cash rate unchanged at 1.5 percent Tuesday as predicted by 39 out of 40 analysts […]
Australia’s economy grows slower as consumer spending shows weakest increase since end of 2008
BloombergDecember 6, 2017
Australia’s economy grew slower than forecast as household spending rose at the weakest pace since the 2008 financial crisis, reinforcing the likelihood of the country’s central bank keeping interest rates on hold for longer. Gross domestic product rose 0.6% in third quarter from previous three months vs estimated 0.7% gain GDP climbed 2.8% from year-earlier […]
Australia loses $52.48 billion annually to lack of sleep, report reveals
Businessam StaffAugust 8, 2017
Sleep deprivation is costing the Australian economy 52.48 billion dollars annually, a report released on Tuesday found. The Deloitte Access Economics, in a report, found that 39.8 percent of Australians were not getting enough sleep. Deloitte estimated that sleep deprivation accounted for 14.16 billion dollars in lost productivity in the financial year ended in June […]