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Australia: Sweeping Tax Cuts in 2005/06 Budget.

Country Briefings

| May 26, 2005 | COPYRIGHT 2005 Country Briefings, Distributed by United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: BARRY WHEELOCK

The Economy:

The central bank left interest rates unchanged at 5.5% for a second month in a row on May 4th. The decision was widely expected following data showing inflation was contained.

A private survey showed that Australian newspaper job advertising in April rose by 7.3% m-o-m following a 4.6% decline in March. The survey also showed that job advertising for the month was 3.1% higher than April 2004. However, the ANZ survey said that the pace in hiring could soon cool as the trend remained negative at -0.3% because of a fall in newspaper job advertisements in the first few months of 2005.

According to a ...

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