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. The Conversation · May 11
'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. AAP · May 7
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. AAP · 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 Guardian - AU · May 5
Afternoon Update: RBA hikes interest rates; Craig Silvey pleads guilty; and the best outfits from the Met Gala Reserve Bank of Australia delivers third straight interest rate hike The Guardian - AU · May 5
Inflation, growth, rates all hinge on end to conflict The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great. AAP · 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. The Conversation · May 5
RBA interest rates: Michele Bullock says Australians poorer with ‘no way out’ as she warns of more rate hikes Reserve Bank of Australia raises cash rate for third consecutive meeting as governor says increases ‘are not going to do anything for inflation’ in next six months The Guardian - AU · May 5
Morning Mail: Labor ranks uneasy over Albanese’s approach; RBA mulls rate rise; saving an imperilled dragon Labor insiders question government’s mission; interest rates set for another bump; and bringing a lizard back from the brink The Guardian - AU · May 3
The Hormuz hike: why the RBA is predicted to deliver a third straight interest rate rise this week While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation The Guardian - AU · May 3
Close call tipped as Reserve Bank mulls third rate hike Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision. AAP · May 3
Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs The latest ABS consumer price index figures show just how pointless hiking interest rates would be at dealing with inflation. But raising rates is baked into the Reserve Bank’s DNA The Guardian - AU · Apr 29
Australia’s inflation surge just made an RBA rate rise more likely Australia’s inflation rate surged 1.1% in March, driven by a record jump in fuel prices, making an interest rate hike next Tuesday more likely. The Conversation · Apr 29
The Guardian - AU · Apr 29 Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday
The Guardian - AU · Apr 28 Trump administration urged to use ‘trade remedies’ to stop news bargaining incentive – as it happened Follow live
AAP · Apr 28 Worse to come as oil crisis adds fuel to rate-pain fire A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.
AAP · Apr 26 Impact on inflation from fuel price hike to be revealed The first inflation figures since the Iran war started, causing petrol prices to skyrocket, will give clues on its cost - with home-buyers watching closely.
International Business Times · Apr 23 ASX 200 Slides 0.57% as Geopolitical Jitters and Profit Warnings Weigh on Australian Shares The S&P/ASX 200 index closed lower Thursday, shedding more than 50 points as renewed uncertainty over the Strait of Hormuz, a sharp drop in a major healthcare stock and broad sector rotation left investors cautious despite some resilience in energy and gold-related names.
AAP · Apr 20 Australians love their cash and will carry or hoard it The central bank has released its latest report on the use of cash in Australia, which shows it's still popular across all demographic groups.
The Conversation · Apr 19 The RBA’s policy deliberately creates unemployment. So why do we treat the jobless so badly? The Reserve Bank of Australia (RBA) will look at the latest unemployment figures – 4.3%, roughly 650,000 people out of work – and see a labour market that is still “too tight”.
AAP · Apr 16 Warning for borrowers as RBA frets over its credibility The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.
The Guardian - AU · Apr 15 The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’ The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages
AAP · Apr 14 RBA's stagflation nightmare: prices up, confidence down Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.
The Guardian - AU · Apr 14 ‘Stagflationary shock’ from Iran war a ‘nightmare’ as confidence crashes among Australian households Weakened economic activity, soaring fuel prices and rising inflation have created a horror scenario, RBA deputy governor says