The Latest Breaking News from David Bassanese

Australia faces higher public debt costs after new peak

Governments around the world will have to pay more to borrow money to fund their public debt, partly due to competition for cash from AI hyperscalers.

AAP · Sep 18

Aussie shares lift as Fed rate call calms bond market

An uplift in financial stocks have helped the ASX claw back some of its recent losses, as easing oil prices and a calming bond market boosted risk sentiment.

AAP · Sep 17

Australia’s unemployment rate jumps to 4.5% with markets slashing chance of more interest rate hikes

Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meeting

The Guardian - AU · May 21

Full steam ahead for cash rate cut as inflation settles

Mortgage-holders are poised to bank an interest rate cut within weeks despite the latest inflation reading coming in slightly higher than expected.

AAP · Apr 29, 2025

'Liberation Day' overshadows Reserve Bank's rate call

The Reserve Bank is expected to leave rates on hold at its next meeting despite the expected negative impact of more US tariffs on Australia's economic growth.

AAP · Mar 30, 2025

Australia’s easing inflation rate a boost for mortgage holders eyeing next rate cut – and Labor’s election hopes

CPI figures have economists predicting one to three RBA cash rate cuts in 2025 – the question is whether one will occur before federal election

The Guardian - AU · Mar 26, 2025

Aussie shares rally as hopes grow for February rate cut

The ASX200 has risen 0.6 per cent to approach its all-time high after cooling inflation increased the chances of an earlier interest rate cut.

AAP · Jan 29, 2025

Inflation figures to ‘make or break’ the case for an Australian pre-election February rate cut

Release of December quarterly CPI may be the most politically consequential set of numbers in recent times

The Guardian - AU · Jan 28, 2025

Aussie shares give up gains after strong jobs report

The ASX200 has finished down 0.3 per cent, having plunged 25 points in two minutes after a "blockbuster" labour market report made a February rate cut unlikely.

AAP · Dec 12, 2024

Australia’s annual inflation sinks to 2.8%, the lowest rate in more than three years, increasing chance of rate relief

Electricity prices fell by 17.3% in the latest quarter, while automotive fuel also fell 6.7%, increasing the chance of near-term interest rate reductions

The Guardian - AU · Oct 30, 2024