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
‘We’ve lost a cylinder in a four-cylinder engine’: Insolvency help soars as economy struggles
There’s been an “astonishing” increase in the number of administrators appointed to struggling firms, in a further sign the overall economy is struggling.
- by Shane Wright
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
Opinion
Olympics
Taxpayers will come dead last at the Brisbane Games
Australia may be sweeping up gold in Paris, but the realities of hosting the Olympic Games in 2032 are proving seriously dire.
- by 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
No Makarrata commission: PM backs new ways to talk to First Nations people
A peak Indigenous body queried the PM’s remarks, saying Makarrata was not meant to be a “vague vibe or a series of casual conversations”.
- by Shane Wright and Caroline Schelle
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
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
Exclusive
Property prices
Australia’s super-sized mortgages climb $154 a day to record high
NSW’s average mortgage lifted to $780,000 last financial year, while Victoria’s rose to $604,300.
- by Shane Wright
Analysis
Inflation
Why the price of your breakfast might point to the Reserve Bank’s next decision
Muesli and milk was becoming a luxury as inflation soared. But there are good signs the nation’s inflation pressures are finally starting to abate.
- by Shane Wright