Australian current account improves in Q4

Note: This section contains information in English only.
Source: The Australian
Current account deficit in Australia dropped 19% in the last quarter of 2013 from the previous three months, reaching $10.14 billion, while experts waited for a $10 billion shortfall. At the same time, the indicator for the July-September quarter was revised positively to a $12.54 billion deficit. It is worth pointing out that surplus of trade for goods and servives increased, adding 0.6% to the GDP growth.
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Tue, 04 Mar 2014 09:12:09 GMT

Australian CB unchanges the monetary policy

The Reserve Bank of Australia decided to maintain its monetary course, keeping the benchmark interest rate at the record low mark of 2.5% for seventh month in a row. Moreover, the RBA pointed on stability period in monetary policy, however, the inflationary pressure remains quite high. Prices in the country will probably add 2-3%, in line with the RBA target

Tue, 04 Mar 2014 07:54:06 GMT

Australian building approvals surge in January

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