Economic backseat drivers are playing a dangerous game, warns RBA
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
Opinion
Sharemarket
What does the sharemarket turmoil tell us about our economy? Not a lot
Why didn’t the central bank care when panic swept across financial markets earlier this week? In short: because the sharemarket isn’t the economy – or a good indicator of its health.
- by Millie Muroi
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
Updated
World markets
ASX hits two-week low after Wall Street suffers worst day since 2022
The Australian sharemarket posted a poor session, with investors bailing on the local tech sector, Macquarie and Fortescue.
- by Sumeyya Ilanbey and Millie Muroi
Macquarie affirms bet on green energy shift after ‘soft start’ to year
Macquarie Group boss Shemara Wikramanayake says any change in policies, including under a Trump presidency, won’t derail the long-term green energy transition.
- by Millie Muroi
Updated
Sharemarket
ASX dips after losses on Wall Street; Perpetual hit by outflows
The Australian sharemarket traded slightly lower on Wednesday after weak session on Wall Street, where earnings reporting season has ramped up for the bigger companies.
- by Millie Muroi and Sumeyya Ilanbey
‘What’s going on here?’: ASIC probes fast-growing private debt markets
The head of Australia’s corporate regulator wants more visibility when it comes to the private credit market, where companies go if the banks won’t lend.
- by Millie Muroi
Updated
World markets
ASX steps up as Big Tech again drives Wall Street higher
Technology and healthcare stocks lifted the local sharemarket on Tuesday after US equities closed broadly higher overnight.
- by Millie Muroi