• Fri, Jan 16, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

25 September 2024 10:15  |

Australia 10-Year Government Bond Yield

Australia's 10-year government bond yield rose slightly to around 3.94% as investors digested data showing a slowdown in inflation. Data on Wednesday revealed that Australia's headline inflation fell to a three-year low of 2.7% in August from 3.5% in the previous month, and slightly below market forecast of 2.8%.

This report came a day after the Reserve Bank of Australia decided to maintain the official cash rate at 4.35% for the seventh consecutive time. The RBA reiterated that policy would have to be sufficiently restrictive to ensure inflation returns to its 2-3% target band.

Governor Michele Bullock also indicated that interest rates will remain on hold for the time being. This hawkish stance makes the RBA an outlier among major central banks, such as the US Federal Reserve, which has started loosening policy to preserve the strength of its economy. (ayu)

Sourc : Trading Economics

Related News

ECONOMY

Applications for US Jobless Benefits Fall to a Four-Month Lo...

Applications for US unemployment benefits fell to the lowest level since May, indicating the job market remains healthy despi...

19 September 2024 19:42
ECONOMY

Australia 10-Year Government Bond Yield

Australia's 10-year government bond yield rose slightly to around 3.94% as investors digested data showing a slowdown in infl...

25 September 2024 10:15
ECONOMY

Data Nonfarm Payroll AS Naik Tapi Dibawah Perkiraan

Menurut Biro Statistik Tenaga Kerja AS pada hari Jumat (6/9), data nonfarm payrolls (penggajian non-pertanian) naik ke 142K&n...

6 September 2024 19:31
EUROPE

European Markets Set for Choppy Open as Growth Concerns Retu...

European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe's growth out...

24 September 2024 15:39
BIAS23.com NM23 Ai