The RBA’s benchmark interest rate was left unchanged at 4.10% at the Bank’s 31 March-1 April Board meeting, with our central bank deciding to leave well enough alone ahead of a swag of political and economic uncertainties hitting markets over coming weeks. This left the RBA rate a touch under the existing US Fed Funds
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Australia’s economic growth, as measured by the ABS-compiled chain volume GDP statistics that adjust for price increases, rose by a 0.6% in the December 2024 quarter, to be a 1.3% higher on an annual (through the year) basis. This annual movement was in the ball-park of market expectations, and a definite improvement on the mediocre
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