Inflation
RBA warns economic backseat drivers are playing ‘a dangerous game’
The Reserve Bank has come under fire over interest rate settings, prompting RBA deputy governor Andrew Hauser to caution against economic “false prophets”.
- by Shane Wright and Millie Muroi
Latest
RBA ‘will not hesitate to raise rates’ if needed, Bullock says
Reserve Bank governor Michele Bullock says the bank must walk a tightrope between taming inflation and preserving jobs, noting regional labour markets have been tighter than those in capital cities.
- by Millie Muroi
When it comes to cost-of-living pressures, there is one group being hit hardest
Working families are bearing the brunt of inflation pressures, with insurance and housing costs pushing their cost-of-living measure far higher than inflation.
- by Millie Muroi and Shane Wright
‘Not what people want to hear’: RBA holds rates steady, douses hope of pre-Christmas cut
The bank board noted that getting inflation back to its 2-3 per cent target had been “slow and bumpy” as it confirmed the official cash rate would remain at 4.35 per cent.
- by Shane Wright and Millie Muroi
Super-sized rate cuts on horizon after $90 billion sharemarket rout
As the Reserve Bank board met on Monday, $90 billion was wiped from the sharemarket and investors began to bet on a large pre-Christmas interest rate cut.
- by Shane Wright and Millie Muroi
Opinion
Interest rates
Sharemarkets gripped by panic amid fears the Fed just made a big mistake
The ASX and sharemarkets around the world are a sea of red as recession fears build in the US.
- by Stephen Bartholomeusz
Food inflation plummets, bringing cost-of-living relief and a challenge for the RBA
Inflation for some grocery staples climbed above 20 per cent in 2022. But prices are now slowing or even falling, in a positive sign for the Reserve Bank.
- by Shane Wright
Rate rises will fail to tame inflation: $140b fund’s investment chief
The investment chief of UniSuper says monetary policy has run its course, and inflicting more pain on squeezed households is not the answer.
- by Clancy Yeates
No smiling matter: Chalmers’ inflation reprieve is hiding some economic frowns
Inflation figures this week have probably stopped the Reserve Bank from further interest rate rises, but the economy on Jim Chalmers’ watch is still struggling.
- by Shane Wright
Opinion
Interest rates
Donald Trump is on a collision course with an old foe
Donald Trump tried to fire Jerome Powell during his presidency before discovering he didn’t have the authority. Now the Fed chairman is set to throw a spanner in the works heading into November’s election.
- by Stephen Bartholomeusz
Opinion
Political leadership
Whatever his achievements as PM, another rate rise would just about bury Albanese
Anthony Albanese has been road testing his themes for the election. So has Peter Dutton, who says that the PM is a good bloke. But of course, there’s a catch.
- by Niki Savva