Australia’s median wealth falls almost 7% since 2020 despite the rich getting richer, report says

Swiss bank UBS finds ‘growing divide between the wealthiest and the broader population’ as country adds more than 25,000 more millionaires ...
CNBC

Australia's central bank cuts rates for the first time in more than four years, flags economic uncertainties

The RBA cut rates by 25 basis points to 4.10% on Tuesday, marking its first easing since November 2020, when the central bank cut its key rate to a record low in the depths of the pandemic. The ...
Wall Street Journal

RBA Joins Wave of Global Central Bank Easing With First Rate Cut Since 2020

SYDNEY—The Reserve Bank of Australia cut interest rates for the first time since 2020 on Tuesday, joining its international counterparts in the global easing cycle and opening the door for the ...
Wall Street Journal

Australian Manufacturing Activity Deteriorates At Fastest Pace Since Early 2020

SYDNEY—Conditions across Australia’s manufacturing sector in March deteriorated at their fastest pace since May 2020, with hiring and inflation pressures both easing as the economy grew at its slowest ...