McKibbin prefers 'helicopter money' over QE in a crisis
Former Reserve Bank of Australia board member Warwick McKibbin says he would opt for direct government stimulus over quantitative easing in a crisis.
Former Reserve Bank of Australia board member Warwick McKibbin says he would opt for direct government stimulus over quantitative easing in a crisis.
The New Zealand dollar dropped more than 1 per cent after weaker-than-expected inflation data all but guaranteed another rate cut in August.
New Zealand's central bank said it will issue an unscheduled assessment of the economy next week, prompting traders to increase bets on an interest-rate cut in August.
Fitch Ratings has warned of growing uncertainty around Australia's long-term budget strategy, saying the failure of the Turnbull government to win a strong electoral mandate could "exacerbate internal politics."
China's systematic devaluation of the yuan is sending a powerful deflationary impulse through a global economy.
The sharp drop in the pound has already had an effect on British companies, with many worried about falling consumer demand and lower profit...
The Australian dollar has been unflinching in the chaos of Brexit and was untroubled by Standard & Poor's putting the sovereign AAA rating o...
Treasurer Scott Morrison has downplayed the threat from Standard & Poor's AAA warning.
The Aussie has remained buoyant despite the country's likely credit rating downgrade. So is it a safe haven asset?
Standard & Poor's has put Australia on downgrade watch, formally signalling that the next most likely move will be to cut the nation's AAA c...
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