Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says. Ahead of the central bank’s meeting later this month on interest rates, Andrew Hauser said inflation remained too high despite Australia’s economy broadly doing well. “People are […]
Australians are ‘furious’ about inflation: RBA deputy Read More »
The Reserve Bank might have to raise interest rates if inflation is higher than expected as oil prices surge back towards $US100 a barrel. More attacks on oil tankers in the Strait of Hormuz drove Brent crude above $US97 a barrel, which will seep into domestic petrol and diesel prices and broader cost pressures for […]
Reserve Bank’s grim rates warning as oil prices spike Read More »
More interest rate hikes are on the cards after Australia’s headline inflation rate came in higher than expected, despite falling to its lowest level in eight months. The consumer price index rose one per cent in July, resulting in the annual rate of inflation falling to 3.5 per cent, the Australian Bureau of Statistics reported […]
‘Hot mess’ inflation result puts rate rise on the table Read More »
As the US dragged itself out of the Great Depression, newly-elected president Franklin D Roosevelt pioneered an informal style of radio address to nurture rapport with a bruised American public. It’s unclear whether the LED lighting at InterContinental Brisbane, the setting for Reserve Bank deputy governor Andrew Hauser’s upcoming “fireside chat” will be as cosy. […]
Jobs data and a fireside chat: the economic week ahead Read More »
Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent. The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four per cent a month earlier. The figure is the lowest level since the outbreak of the US-Iran war in […]
Surprise inflation drop eases chance of RBA rate hikes Read More »
Just as businesses and consumers were beginning to grow more confident, a return to arms in the Middle East risks sending sentiment back to the doldrums. Business confidence climbed nine points in June, despite warnings the federal budget would smash small businesses through increased taxes on capital gains and discretionary trusts, NAB’s business survey found. […]
Trump threatens to shoot down signs of economic rebound Read More »
Expect to hear more from the Reserve Bank as it grapples with how to navigate a world punctuated by more frequent supply shocks due to heightened geopolitical tensions and climate change. With shocks like the Middle East oil crisis and Donald Trump’s Liberation Day tariffs increasingly becoming the norm, the central bank may have to […]
Inflation-fuelling supply shocks under RBA microscope Read More »
Australia’s economy is set to grow below two per cent for the longest period since the early 1990s, exposing a malaise long masked by population growth, a report has warned. Rarely has the economics advisory group adopted such a downbeat assessment of the short-term outlook, Deloitte Access Economics’ Stephen Smith said. While the economy is […]
Longest stretch of weak growth since 1990s forecast Read More »
Australia’s inflation pulse is strengthening despite easing prices at the fuel bowser, potentially adding to the case for another interest rate hike. A mixed consumer price report, released by the Australian Bureau of Statistics on Wednesday, was softer and stronger than forecasters had predicted. But the most critical number – the annual trimmed mean – […]
Inflation lying in wait to strike another rate blow Read More »
Reserve Bank governor Michele Bullock has not ruled out hiking interest rates again if inflation keeps rising, after the bank left rates on hold for the first time in 2026. Following three consecutive rate rises, the central bank’s monetary policy board voted unanimously to leave the cash rate steady at 4.35 per cent on Tuesday. […]
RBA keeps rates on hold but leaves door open to hikes Read More »
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