RBA
One of Australia’s biggest banks says interest rate pain is over – for now
The Reserve Bank has lifted interest rates at its past three meetings. But the NAB believes its next move will be a cut to prop up a struggling economy.
- Shane Wright
Latest
- Exclusive
- Federal budget
RBA thinks budget tax changes will lower inflation – but not in the way Labor wants
One top economist argued that lower house prices were a good thing, and that Labor would be wise to resist calls to protect asset prices and reverse course.
- Paul Sakkal and Shane Wright
- Analysis
- Minimum wage
A minimum wage increase delivers a maximum inflation risk
The Fair Work Commission has just added to the Reserve Bank’s inflation troubles with a large increase in the minimum wage.
- Shane Wright
- Exclusive
- Federal budget
Secret RBA notes reveal harsh judgment of Labor’s housing policies
As Jim Chalmers fights back against claims Labor’s housing budget would not get more homes built, RBA documents reveal just what the Reserve Bank thought about Labor’s agenda.
- Paul Sakkal
How the Boomers grabbed the property market
Reserve Bank research shows older and richer Australians have pushed younger people on lower incomes out of the investor market.
- Shane Wright
Inflation retreats from three-year high but other signs are more worrying
But in a sign that price pressures remain embedded in the economy, the closely watched measure of underlying inflation rose slightly to 3.4 per cent.
- Shane Wright and Brittany Busch
- Updated
- World markets
ASX surges after Wall Street rebounds; Unemployment increases, easing rate rise bets
The Australian sharemarket bounced back from its seven-week low, as pressure from the bond market eased and traders dialled back their expectations for further interest rate increases by the RBA.
- Staff writers
Economy crunched as unemployment hits highest level since pandemic
The Iran War and inflation are starting to hit Australia’s jobs market. Experts say this has effectively killed the likelihood of another rate rise next month.
- Shane Wright
- Exclusive
- Federal budget
Chalmers to lower deficits amid cabinet frustration over Bullock’s warning
Sources in the government said there was irritation among ministers with Bullock’s decision to weigh into the public debate at such a sensitive moment.
- Shane Wright and Paul Sakkal
- Opinion
- Property market
How Australians are eating our future, one home auction at a time
All of us have added to the disaster that is the Australian property market. We all have to feel some pain to correct it.
- Shane Wright