Reserve Bank of Australia (RBA)

Basel-based CPSS broadens membership

Central banks of Australia, Brazil, China, India, Mexico, Russia, Saudi Arabia, South Africa and South Korea to join the Committee on Payment and Settlement Systems (CPSS)

Inflation outlook leaves scope for RBA cuts

Members of the Reserve Bank of Australia's rate-setting board saw no pressing case for further monetary stimulus but concurred that the inflation outlook left scope for cuts if required, the minutes of this month's policy meeting show

RBA hints at further easing

While it kept rates on hold for the time being, the Reserve Bank of Australia has dropped a strong hint that further rate cuts are on the way by suggesting that "scope remains for some further easing."

RBA on why it kept policy rate unchanged

The Reserve Bank of Australia decided to leave the cash rate unchanged at 3% as there were signs that the economic stimulus that had been applied was supporting demand, according to minutes of the May meeting.

Australia's Ellis: higher wages aided economy

One of the reasons why Australia is coping better amid the turmoil is that real earnings of average Australian workers were growing much faster than in the United States, said Luci Ellis, the head of the financial stability department at the country's…

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