Yesterday
- Updated
- Interest rates
Chalmers resists RBA rates risks
Treasurer Jim Chalmers has resisted predictions from economists that strong inflation data will force the RBA to raise the cash rate up to two more times.
- Updated
This Month
Renters better off than in 2021: RBA’s Bullock
Strong income growth has shielded households without a mortgage from the worst of the cost-of-living crunch, the bank’s new governor says in her first speech.
Migrant intake has ‘already hit record 500k’
International students and working holidaymakers entering Australia in large numbers pushed the net overseas migration a long way past Treasury’s yearly forecast.
Gen Z the ‘canary in the coal mine’ on job losses
A sharp rise in the number of unemployed Gen Zers show the jobs market is softening, presenting a challenge for the RBA as it assesses the need for another interest rate rise.
- Updated
- Jobs
Chalmers warns Mid-East conflict to drive inflation
The treasurer warns the crisis could further drive up oil prices, as economists predict inflation figures may trigger another interest rate rise.
- Updated
‘Shock, after shock’: Bullock’s inflation warning
RBA governor Michele Bullock says the escalating war between Hamas and Israel could keep inflation higher for longer and potentially trigger a slowdown in global growth.
- Updated
- Exclusive
- Industrial relations
RBA staff consider going on strike over 11pc pay rise
RBA economists may take industrial action after the central bank offered staff a three-year, 11 per cent pay deal opposed by the Finance Sector Union.
- Updated
- Interest rates
November rate rise ‘live’ as RBA grapples with oil price surge
A deepening conflict in the Middle East could prompt the RBA to lift interest rates again to tame inflation.
Voice rejected but ‘it will not divide us’: PM
Peter Dutton said the defeat of the Voice to parliament referendum is “good for our country”. Anthony Albanese accepted the defeat after Australians resoundingly voted No. How the day unfolded.
- Updated
Loan discounts disappear as banks reach mortgage war ceasefire
Interest rates on new home loans have reached their highest level in more than a decade as major banks reach a ceasefire in the mortgage wars.
Record-beating mortgage pain set to get worse: RBA
The record share of income spent on mortgages is set to increase even further, leading borrowers to dip into their savings to cope with the cost of living.
Inflation forces workers to take on extra hours
Australians taking on extra hours to cope with inflation and cost of living pressures may explain recent falls in productivity, the Productivity Commission says.
Australians lead the world in mortgage pain: IMF
Australians devote a greater share of their income to mortgage repayments than any other advanced economy, the IMF revealed as it downgraded the local outlook.
One in three big home builders are losing money: RBA
Building companies are haemorrhaging cash as the construction sector battles rapidly rising wages and material costs.
- Updated
- Updated
- Interest rates
Big squeeze no bar to another RBA rate rise
The Reserve Bank could still lift rates even after finding rapidly rising mortgage repayments had starved some borrowers of the ability to pay expenses such as health insurance and school fees.
- Updated
Sides squaring up for post-Voice fight on bills
Opposition Leader Peter Dutton has accused Anthony Albanese of being captured by east coast elites, including CEOs and company directors.
Signs that rate rises are crunching business investment
A sharp fall in imports of items such as industrial equipment and high-tech machinery could signal that businesses are finally scaling back investment.
Australia’s most in-demand jobs revealed
Actuaries, tax accountants, solicitors and architects are officially in shortage, according to Jobs and Skills Australia’s annual skills priority list.
- Updated
- Interest rates
ASX, $A hit 11-month low as bond rout pressures RBA on rates
A surge in long-term bond yields has pushed the Australian dollar and the sharemarket to an 11-month low and may force the RBA to raise the cash rate.
Hit more polluters with emission cuts, OECD urges Labor
The OECD is urging Labor to broaden its flagship emissions reduction policy as it warns Australia is not on track to meet its net zero emissions target.
