EXPLAINED: 6 - The Real Truth

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

AAP · Sep 4, 2024

Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

AAP · Sep 3, 2024

Plague of our time: banks devoting more to scam fight

Australia's big four banks say they're setting aside more resources to prevent customers being scammed out of their money.

AAP · Aug 30, 2024

Australian shares bounce back, rising 1.3 per cent

The ASX has rallied on a better-than-expected drop in US jobless claims but has finished the week down 2.1 per cent after Monday's big sell-off.

AAP · Aug 9, 2024

Aussie shares finish higher again as dip-buyers step in

The ASX200 has finished 0.25 per cent higher, its second day of modest gains after a 3.7 per cent plunge on Monday.

AAP · Aug 7, 2024

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

AAP · Aug 5, 2024

ASX hits record high, dollar sinks as inflation cools

The ASX200 rose 1.8 per cent in its best single-day performance since late 2022, while the Aussie fell under 65 US cents for the first time in three months.

AAP · Jul 31, 2024

Australian shares rally ahead of key inflation readout

The ASX200 briefly reclaimed the 8,000 level as traders wait for what one analyst calls the biggest data point of the year for Australia's market.

AAP · Jul 29, 2024

Pivotal inflation print to set scene for rates call

Eyes will be fixed on quarterly inflation data which could land hot enough to trigger a rate hike at a time when other advanced economies are talking cuts.

AAP · Jul 28, 2024

Australian shares slide to two-week low as tech drags

Every sector of the Australian share market has lost ground as stock markets weaken worldwide on lacklustre earnings from US tech firms.

AAP · Jul 25, 2024