Australian economy
Rate cuts coming to help mortgage-stressed shoppers: CBA
The nation’s biggest lender tips interest rates will fall a full percentage point in the next year to offset the hit being felt by consumers struggling to make ends meet.
- by Shane Wright
Latest
Opinion
MyCareer
High stakes when occupations become extinct
More than jobs are lost when society chooses to abandon an occupation.
- by Jim Bright
Lowe warns against rent freezes as he signals rates may rise again
In his last appearance before the House of Representatives’ economics committee, the outgoing RBA governor also admitted he had made mistakes during the COVID-19 pandemic, that had contributed to today’s inflation pressures.
- by Shane Wright
Furniture and fashion shine bright despite the cost-of-living crunch
While consumers are trading down to more budget options in some retail areas, others are holding up well.
- by Emma Koehn
Analysis
RBA
Lowe drops truth bombs as he prepares to leave the RBA stage
In his final parliamentary appearance, Reserve Bank governor Philip Lowe ended where he started – bemoaning the high cost of land in Australia.
- by Shane Wright
Opinion
Inflation
Don’t be so sure we’ll have inflation back to normal any time soon
Disruptions to the supply side of the economy won’t be going away – and that’s a problem.
- by Ross Gittins
Lowe’s last stand: RBA governor to face MPs one more time
Every six months, the RBA governor is quizzed by federal MPs. Philip Lowe faces his last federal grilling on Friday.
- by Shane Wright
Opinion
Opinion
The Greens could seize control on housing, and the PM didn’t see it coming
Australia is now less binary, more ternary, which bodes ill for our political duopoly if they continue to get it wrong on housing.
- by Tone Wheeler
Wary consumers fear RBA is not done with rate rises
As evidence mounts that consumers are shutting their wallets, a key measure of confidence actually fell despite interest rates remaining steady.
- by Shane Wright
Economy could shrink under interest rates and tax: RBA
The economy is facing its worst non-pandemic year since the 1990-91 recession as high interest rates, inflation and taxes hit the nation’s consumers.
- by Shane Wright
Rate cuts tipped for next year as shoppers slash spending like it’s 1991
The biggest fall in the volume of goods bought by shoppers in over 30 years has economists warning the Reserve Bank will have to cut interest rates in 2024.
- by Shane Wright