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FORGOTTEN HISTORY: 40 | History Defined

‘Greedflation’ – it’s a boon for business but hurts average Australians

Profit-driven inflation: People who decide the prices they charge us like to say that they ‘have no choice’, but they do.

The New Daily

Australian govt pledges $10 billion in budget to ease cost of living

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.

Reuters

Michael Pascoe: Stop growing the landlord class and focus on ‘taboo’ public housing

That means large-scale investment in public housing to reduce the proportion of people crowding into the failed private rental market.

The New Daily

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The Ferguson Report: Tinder ghosts Russia without so much as a text

Australians with nothing else to complain about are protesting against drag queens and all the colours of the rainbow.

The New Daily

Afternoon Update: inflation to decline faster than predicted; author Gabrielle Carey dies; and King Charles’s unnecessary coronation

Australia’s near-term inflation should decline faster than previously predicted as wage growth ‘momentum’ eases and economy slows, RBA says

The Guardian - AU

Inflation falling faster than predicted: RBA’s lifeline for borrowers

Australia's red-hot inflation is expected to cool faster than predicted, the RBA has revealed – offering a lifeline at last to borrowers

The New Daily

Inflation will decline faster than previously forecast as Australian economy slows, RBA says

The Reserve Bank’s quarterly statement on monetary policy predicts that the underlying inflation rate will end the year at 4%

The Guardian - AU

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RBA's rate hikes creating inflation, Ross Garnaut says, calling for radical overhaul of economic policy

Pointing to big changes that have greatly affected Australia's capacity to deliver rising standards of living, top economist Ross Garnaut calls for a major policy overhaul.

ABC News

Michael Pascoe: Higher education rates also key to generational gap on home ownership

Generational factors are more to blame for the housing crisis than hipsters’ love of expensive smashed avo on toast.

The New Daily

New Zealand interest rates are still rising — now mortgage stress data reveals how households are coping

New data reveals how New Zealand households that have been under interest rate pressure for more than 18 months are managing to make ends meet.

ABC News

Which banks have passed on the May RBA rate rise to mortgage borrowers? NAB kicks it off, as ANZ follows

Here is a breakdown of which major banks have responded to the RBA's decision, and which ones we're still waiting on.

ABC News

Jim Chalmers wants a truly independent RBA. He should be careful what he wishes for

Might Jim Chalmers have forgotten Labor Party history?

The Conversation

Alan Kohler: Why this week’s RBA meeting was different

Jim Chalmers is touting 'responsible' spending. Can it be “responsible” in the context of the battle by the RBA to slay inflation?

The New Daily

Is Australia walking a ‘narrow path’ towards a per capita recession?

Australia likely avoids a recession, but it's already starting to feel like one as cost of living and higher rates spark a shopper retreat.

The New Daily

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The Guardian - AU

Afternoon Update: RBA attacked over rate rise; Snowy Hydro 2.0 blowout; and Nick Cave finds inner royal

Reserve Bank under pressure as Greens call for rate rise to be reversed and Victoria’s premier weighs in

ABC News

The cost of living has reached a record high, businesses are struggling, and interest rates are rising. Is a recession coming?

A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.

The Guardian - AU

Reserve Bank official says Australian population rebound may add to inflationary pressures

RBA official Marion Kohler says recovery in population could have ‘unanticipated or more pervasive effects’

The Guardian - AU

Daniel Andrews blames Victoria’s huge pandemic debt on RBA interest rates advice

Victorian premier says interest rates are ‘smashing families’ despite 2020 advice to national cabinet

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The New Daily

‘Smashing families’: Premiers take aim at RBA rate rises

Three premiers have taken aim at the RBA over rapidly rising interest rates, following Tuesday's decision to impose another hike.

The Guardian - AU

Sorry, what? The latest interest rates rise suggests the RBA board is completely lost to logic

How could it come up with that decision given what it said in April and the new data we have seen since then?

The New Daily

Michael Pascoe: You want more RBA independence, Treasurer? Cop this

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

The Guardian - AU

RBA surprise interest rate hike catches out seasoned pundits and borrowers alike

For many of the Reserve Bank’s first 10 increases, the question was the size of the hike – not whether one was coming

The New Daily

‘Deadly serious’: Why Philip Lowe thinks interest rates could rise again amid inflation fears

Interest rates will force another round of painful mortgage bill hikes to ensure inflation keeps falling from 30-year highs, Philip Lowe says.

ABC News

RBA boss Philip Lowe defends shock interest rate rise, saying 'there is a limit' to inflation patience

The Reserve Bank of Australia's governor says an acceleration in the cost of services and a rebound in house prices were among the factors prompting it to raise rates again, just a month after pausing its string of hikes.

The Guardian - AU

Philip Lowe says rebounding property market among reasons for shock RBA rate increase

Governor of central bank says rate pause in April had given board ‘more time to assess the pulse of the economy’ before Tuesday’s increase to 11-year high

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