Public sector wages increase at second fastest pace in 14 years, ABS data shows Private sector wages growth was up just 0.7% for the June quarter, the equal lowest since the end of 2021 The Guardian - AU · Aug 13, 2024
'Whole series of data' before next rates call: RBA The Reserve Bank's outlook on inflation is little changed and more data is needed to build a fuller picture of the economy, the deputy governor says. AAP · Jun 26, 2024
No interest rate relief predicted this year, major bank tells mortgage holders ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025 The Guardian - AU · Jun 11, 2024
Households keep falling behind as rate increases bite Most borrowers are adapting to tough financial conditions but the number of people in hardship or struggling to meet repayments is growing. AAP · Jun 11, 2024
Spending takes a hit as household budgets stretched Higher interest rates and cost-of-living pressures have been weighing on household spending and the retail sector. AAP · May 13, 2024
Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut The Guardian - AU · Mar 12, 2024
Coles faces competitive pressure from online retailers The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story. AAP · Mar 12, 2024
Growth report likely to show households in pain Households have been pinching their pennies as financial pressures intensify and that weakness is likely to show up in a soft economic growth print. AAP · Mar 2, 2024
RBA boss hopeful for better year following hard 2023 Higher interest rates and cost of living pressures are hurting households and businesses, with the central bank governor acknowledging it's been a hard year. AAP · Dec 12, 2023
Business pressures ease in promising sign for inflation The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook. AAP · Oct 10, 2023
Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing The Guardian - AU · Jun 15, 2023
Wealth rises with $140 billion property price surge in early 2023 Australia’s housing market has surged by $140 billion in early-2023 amid an extraordinary rebound in property prices. The New Daily · Jun 13, 2023
Storm clouds gather as Australia’s growth outlook slows A key indicator for future economic activity has sunk to levels only seen during periods of extreme economic stress such as the pandemic. The New Daily · Jun 13, 2023
Economists say federal budget unlikely to have much effect on interest rates While the 2023 budget is unlikely to budge the RBA, experts are watching for inflationary pressure from a population boom and energy prices The Guardian - AU · May 10, 2023
The Guardian - AU · Apr 12, 2023 The IMF has painted a grim picture of the world economy. What does it mean for Australia? Australian economists say the IMF outlook supports their case for a soft landing after the rapid rise in interest rates
The New Daily · Mar 27, 2023 Complacent mortgage holders stung by higher rates Failing to swap to a better home loan rate could be costing mortgage holders hundreds of dollars extra per month.
The Guardian - AU · Mar 24, 2023 Australian banks predict another interest rate rise despite hopeful investor outlook Big four banks believe RBA will lift cash rate by at least another 25 basis points though many predict rises are close to a peak
ABC News · Mar 14, 2023 Interest rate rises have Australians ready to slash spending, and businesses are bracing for the cuts Australia's economy is still holding up on the back of household spending, but there are warning signs that a severe downturn is imminent — and small businesses are already seeing it in action.
ABC News · Mar 14, 2023 Could interest rates in Australia fall after the collapse of two US banks? If the Reserve Bank of Australia (RBA) wanted an excuse to end interest rate hikes, the collapse of two US banks just gave it one.
ABC News · Feb 28, 2023 'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts.
ABC News · Dec 13, 2022 Consumers hopeful tide will soon turn on interest rates and home prices, but businesses gloomy Households are hoping interest rates will reach their peak soon and home prices may start to rise. However, rising inflation and interest rates have businesses worried about the future.
The Guardian - AU · Nov 30, 2022 Dip in Australia’s inflation rate in October raises hopes price rises may have peaked Headline CPI rate eases from 7.3% to 6.9%, lower than economists’ expectations, but fuel prices still rose as full excise rate returned
AAP · Nov 8, 2022 Demand strong, but biz confidence weakens Australian firms are growing wary of an economic slowdown, but overall economic conditions remain robust, according to NAB's monthly business survey.
The Guardian - AU · Oct 3, 2022 Big issues at play could cause the RBA to make smaller cash rate hikes Lower rises expected for the rest of the year, economists say, with the possibility of a pause in the longer term
The Guardian - AU · May 23, 2022 Market response to Australia’s new Labor government will be ‘muted’, economists say Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts