FED:Slowing economy could shut the door on more rate hikes Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent. AAP · Jun 16
Slowing economy could shut the door on more rate hikes Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent. AAP · Jun 16
Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three rises The Guardian - AU · Jun 16
FED:RBA keeps rates on hold but leaves door open to hikes Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards. AAP · Jun 16
Confidence readings punctuate lull in economic calendar Consumer and business sentiment surveys are the highlight of an otherwise quiet week on the economic front in Australia, as global turmoil casts a shadow. AAP · Jun 8
Officials bank on economic slump helping tame inflation Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says. AAP · Jun 3
AAP · May 31 GDP data tops the economic agenda, RBA officials speak Reserve Bank governor Michele Bullock will get a chance to react to Wednesday's economic growth figures when she fronts a parliamentary hearing in Canberra.
The Conversation · May 27 Interest rates look set to hold, after inflation and fuel costs fell in April. But it’s unlikely to last Inflation actually fell in Australia last month, thanks to temporary government fuel discounts that saw fuel prices come down by 7% from their record peaks in March.
The Guardian - AU · May 13 Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness The CGT discount not only increased the benefit to non-wage earners, it did so in a way that incentivised investing in rental properties rather than shares
The Conversation · May 11 In this year’s budget, Chalmers has to keep a lid on spending – or risk stoking inflation Crafting a federal budget is never easy. Tonight’s budget is harder than most.
AAP · May 7 'Spendthrift' sandgropers trigger GST allowance critics The scale of cash handouts in the Western Australian budget has infuriated some economists, who argue they are provocatively inflationary.
The Conversation · May 7 Grattan on Friday: The Farrer result will set off a willy willy. The budget already has The run-up to a budget always sees a degree of chaos. But this year it has looked like one of those willy willies that blow up in outback Australia when the wind stirs a storm of dust.
AAP · May 5 Oil crisis not over: warnings of diesel over $4 a litre With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.
The Guardian - AU · May 5 RBA governor’s frank message on the economy is the biggest shock Michele Bullock drops her usual caution to spell out the threat of higher prices and lower growth
The Guardian - AU · May 5 Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault In sobering comments, the RBA governor forecasts economic malaise due to the global fuel shock. Not recession but higher prices, lower growth and wages that don’t keep pace with inflation
The Conversation · May 5 With no easy options, RBA raises interest rates for the third time to quell inflation The Reserve Bank of Australia (RBA) has lifted the official cash rate by another 25 basis points, the third hike this year as it struggles to keep inflation under control.
AAP · May 4 Third RBA rate hike might not be the end for borrowers Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.