Victoria business | Business and Finance News couriermail.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from couriermail.com.au Daily Mail and Mail on Sunday newspapers.
The RBA assumed the money supply endogenous which meant bank credit determined the domestic money supply. The following equation illustrates the domestic money supply.
The Royal Australian Mint has announced that the image of King Charles III will soon appear on Australian coins. The first coin to feature the new British monarch will be the gold Australian dollar, and around 10 million coins are expected to be in circulation by Christmas. This change will extend to various denominations, including 5, 10, 20, and 50 cent coins, as well as a $2 coin. It is important to note that the 15.5 billion Australian coins featuring Queen Elizabeth II will remain legal tender.
Dollar strengthens as investors await U.S. inflation data and Fed's interest rate decision. Canadian dollar surges after rate hike, while trade deficit widens.