Economy

The Reserve Bank has made its cash rate decision for October, with the board flagging some major uncertainties in the future of the economy.

Economists have predicted that the central bank will continue to hold interest rates steady at today’s October monetary policy meeting.

Jim Chalmers has denied allegations of “radical change” to the composition of the RBA board.

Credit demand has reached its lowest point in over a decade, the Australian Bureau of Statistics has confirmed.

The monthly CPI indicator for August rose from July, however, annual trimmed mean inflation remained stable, the ABS has revealed.

Bank economists have weighed in on their expectations on the upcoming monthly CPI data for August.

The US Federal Reserve has left interest rates on hold but, like other major global central banks, is leaving the door open to more hikes in the future.

The major bank’s outlook for the housing market continues to foresee households adjusting to higher rates, while the rebound in population growth has drawn stronger housing demand.

The central bank continues to wait for the effects of its monetary policy tightening to be fully realised through the economy.

The ABS has released the latest unemployment rate data, revealing a resilient labour force that surpassed some forecasts from major bank economists.