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The Reserve Bank has hiked the official cash rate to 4.6 per cent, the highest level since 2011.
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We measure how artificial intelligence (AI) affects the economy through its impact on software engineering productivity. We use information from financial markets to develop a forward-looking measure…
The AUD/NZD cross reverses a modest Asian session dip to the 1.2360 area and jumps to a three-day high after the Reserve Bank of Australia (RBA) announced its policy decision.
Tata group stocks declined after Tata Trusts proposed restructuring Tata Sons to potentially remove its NBFC and CIC classification, which could allow the holding company to remain private and ease regulatory requirements linked to a listing.
Australian Treasurer Jim Chalmers said on Tuesday that the latest interest rate hike was widely expected and anticipated, and that doesn’t make it any easier for people, Reuters reported.
