economy
Living costs rising despite cooling inflation
8 May
Australian households who depend on government payments have faced the highest increases in living costs this year, new data shows. Age pensioners and other recipients of government help faced 1.6 per cent higher living costs in the March quarter,...[Read More]
Full steam ahead for cash rate cut as inflation settles
1 May
Interest rate relief could come within weeks after a higher than expected inflation print still fell within the Reserve Bankās target range. Underlying inflation fell to 2.9 per cent in the year to March and headline inflation held steady at 2.4...[Read More]
Prices coming down as Coles keeps tabs on Trump tariffs
1 May
Prices on major products are beginning to fall at Coles as the supermarket giant keeps a close eye on any impacts of Donald Trumpās tariffs on products. Australiaās second largest supermarket chain on Wednesday unveiled a 3.7 per cent increase...[Read More]
Students and hire staff pay for Labor election pledges
1 May
Hiking international student visa fees and trimming consultant spending are Laborās plan to keep the budget in shape while splashing out on election sweeteners. An assurance by Treasurer Jim Chalmers that more than $7 billion in savings would...[Read More]
Rate cut on horizon amid fears of more stock turmoil
24 April
Investors tormented by weeks of tariff turmoil will hope for a quiet return from Easter as mortgage holders eye a rate cut on the horizon. Stocks in Australia and the US have clawed back ground in the past fortnight after US President Donald Trump...[Read More]
Jobs market strong but Trump tariff bomb yet to explode
24 April
Global headwinds stirred by āerraticā US policy decisions could still hit the Australian jobs market despite latest figures showing only a small uptick in unemployment. About 30,000 jobs were created in March after a shock 53,000 slump in...[Read More]
Economists send open letter opposing nuclear plan
24 April
An open letter from 60 Australian economists has rejected the coalitionās nuclear energy plan, promoting instead the subsidising of household clean energy policies, including incentives for home battery storage. The organiser of the letter, Gareth...[Read More]
Trump uncertainty set to smash Australian economy
24 April
Australiaās growth outlook has been slashed by a major international body as US President Donald Trumpās trade upheaval sends market volatility skywards. United Nations financial agency the International Monetary Fund said uncertainty had surged...[Read More]
Tariff turmoil triggers Reserve Bank inflation fears
17 April
The threat of Donald Trumpās tariffs loomed large over the Reserve Bank as it made the call to keep interest rates on hold, warning that US measures could lead to higher inflation. Minutes from the central bankās April 1 meeting, released on...[Read More]
Reserve Bank call for calm is welcome amid tariff drama
17 April
The treasurer backs Reserve Bank assurances the domestic economy is well-placed to deal with shockwaves from Donald Trumpās tariffs. The central bankās governor Michele Bullock tried to allay concerns in a speech on Thursday night after a week...[Read More]
Working women key to future economic growth: bank boss
16 April
Womenās participation in the Australian economy has been remarkably transformed in the past 40 years but more progress is needed, the head of the central bank says. Michele Bullock made history in 2023 when she became the first woman appointed...[Read More]
Tariff storm blows economy and election off course
10 April
WHAT IS HAPPENING WITH WORLD TRADE? * President Donald Trump announced a slew of tariffs on US trading partners, ostensibly to correct a decades-long trade deficit after complaining America had been taken advantage of * Global markets went into...[Read More]
Calls mount for RBA to intervene with jumbo rate cut
10 April
Odds are shortening for the Reserve Bank to cut rates by 50 basis points at its next meeting as global financial turmoil weighs heavily on Australians. Though most economists do not view an Australian recession as a realistic chance, the prospect of...[Read More]
Trade opportunities beckon amid global tariff meltdown
10 April
Australia can capitalise on āenormous opportunitiesā in the wake of Donald Trumpās tariffs, Prime Minister Anthony Albanese says as the US president escalates his trade feud with China. The government hopes to reassure investors and the...[Read More]
Two data prints and a Trump wildcard to decide rate cut
3 April
Donald Trumpās so-called āliberation dayā looms over the economic calendar but another date could have even greater implications for interest rates in Australia. By April 30 Australians could know whether the Reserve Bank is set to cut rates...[Read More]