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Australia Banks Rating DowngradeDecember 2011 The rating agency Standard & Poor's downgraded on December 2 the rating of Australia's four biggest banks by one notch from AA to AA-. The banks are Commonwealth Bank of Australia, Westpac Banking Corp, Australia & New Zealand Banking Group and National Australia Bank. Australia Inflation up 0.9%July 2011 The Australian Bureau of Statistics, ABS , released on July 27 new economic data. The consumer price index, CPI, rose 0.9% in the 2nd quarter of 2011. compared with a rise of 1.6% in the 1st quarter of 2011. The most significant rise was for fruit, 26.9%. The most significant decrease was for vegetables which went down by 10.3%. The CPI rose 3.6% in the year to the end of June 2011, compared to a rise of 3.3% in the year to the end of March 2011. Sydney CPA's, Accountants and Accounting Firms in Sydney, Australia | Melbourne CPA's, Accountants and Accounting Firms in Melbourne, Australia Australia Banks and Banking Sites in Australia | Australia Business Opportunities and B2B Marketplace |
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