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The Latest Breaking News from David Plank

Alan Kohler: Economists disagree on where interest rates are heading – shock

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

The New Daily

Inflation surge dents consumer confidence

Consumer confidence is likely to fall further after Tuesday's rate hike, having already slumped to levels last seen during the early stages of COVID lockdowns.

AAP

Consumer confidence highest since June

Consumer confidence lifted last week despite expectations of a fifth consecutive interest rate hike in September.

AAP

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read the most diverse news in one place.

High inflation to persist for ‘some years’, warns Reserve Bank boss

The governor of the Reserve Bank has warned high inflation is likely to persist for years to come as the global economy works through major supply issues.

The New Daily

Market response to Australia’s new Labor government will be ‘muted’, economists say

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts

The Guardian - AU

Shock interest rate rise shows Australia’s economic exceptionalism is fading

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

The Guardian - AU

Reserve Bank interest rates: RBA lifts official cash rate to 0.35% in first rise since 2010

Central bank raises rate by 0.25 percentage points in a move that will stoke cost-of-living debate ahead of federal election

The Guardian - AU

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The cost of living is surging, so why will the RBA add to it by raising interest rates?

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

ABC News

‘People are spooked’: Australia’s January consumer confidence sinks to three-decade low over Omicron

As Covid cases surge Australians are avoiding spending, despite 2021 ending on an economic high

People

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Australian Bureau of Statistics

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