On January 14, 1960, The Reserve Bank of Australia, the country's central bank and banknote issuing authority, was established. The Reserve Bank of Australia (RBA) has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. The bank has the responsibility of providing services to the Government of Australia in addition to also providing services … Continue reading January 14, 1960 – Reserve Bank of Australia established
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Australia services sector contracts on consumer caution
Australia's services sector continued to contract in December even after the central bank lowered interest rates at the start of month, a performance gauge by an industry group published Friday showed. The Australian Industry Group-Commonwealth Bank Performance of Services Index fell 3.9 points in December from a month earlier to 43.2 points--well below the 50-point … Continue reading Australia services sector contracts on consumer caution
Craig Hill 