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The Latest Breaking News from Jim Chalmers

Reserve Bank board shake up outlined in new laws

The federal treasurer has introduced legislation that will underpin the biggest set of reforms at the Reserve Bank in decades.

AAP

Governments have been able to overrule the Reserve Bank for 80 years. Why stop now?

Pay close enough attention to parliament these next few days, and you’re likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the Reserve Bank.

The Conversation

Meet Andrew Hauser, the outsider from the UK who'll be deputy governor of the RBA

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

The Conversation

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Most voters now disapprove of Anthony Albanese’s performance as PM, Guardian Essential poll finds

Survey suggests Australians want more action on cost of living and only 20% think the stage-three tax cuts should go ahead

The Guardian - AU

Jim Chalmers appoints outsider and former Bank of England executive director as deputy RBA governor

Rare appointment of outsider Andrew Hauser to senior position comes after review found bank should encourage ‘diverse viewpoints’

The Guardian - AU

Borrowers may wish the government could overrule the RBA but Australia is not Argentina or Turkey

Central banks must be credible to be effective and that means separating rates decision-making from short-term government priorities

The Guardian - AU

Crossbench MPs question family violence response – as it happened

This blog is now closed.

The Guardian - AU

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UK central banker nabbed to take over as RBA deputy

Bank of England's Andrew Hauser will be the next deputy governor of Australia's central bank, bringing a "fresh, global perspective" to the key institution.

AAP

Rising Tide action: If Albanese won't stand up to polluters, the people will

Simmering tension has been created by fossil fuel companies that profit at the world's expense.

Newcastle Herald

'Too permissive' merger rules eyed for reform

The federal government is taking a look at merger rules to ensure they are not weighing on competition and allowing firms to charge higher prices.

AAP

Can Australia be more than backup for big tech?

A tech giant has its eyes on Aussie talent and warns governments against thwarting emerging players who may already be coding the future.

AAP

Grattan on Friday: When Labor states don't dance to the Albanese government's tune

It’s helpful for the Albanese government to have all mainland states in Labor hands – but only up to a point.

The Conversation

Australian central bank lifts benchmark cash rate to 4.35% with 13th hike

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

The Independent UK

Scrap stage-three tax cuts to fight inflation rather than cut infrastructure funding, Queensland says

Deputy premier Steven Miles says it’s ‘too late’ to cancel projects and any effect on demand is likely to be years away

The Guardian - AU

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AAP

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

The Guardian - AU

Labor accused of ‘dragging feet’ on reinstating program that monitors airlines for potential price-gouging

Opposition says there’s ‘no excuse’ for further delays on the government reviving the ACCC flight monitoring regime

The Conversation

Grattan on Friday: Treasurer Jim Chalmers pumps up his role in energy transition

Jim Chalmers – as if he doesn’t have enough on his plate – is marching into the centre of energy policy.

The Guardian - AU

Reserve Bank will have to raise interest rates again because inflation still too high, IMF says

Fund recommends further monetary tightening by RBA to ensure Australia’s price rises return to target range by 2025

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AAP

Treasurer, opposition trade blows on economy

Australia's major parties are going tit-for-tat on economic credibility, with Treasurer Jim Chalmers suggesting the opposition misrepresented tax data.

The Conversation

Grattan on Friday: Cost-of-living crisis is the dragon the government can't slay

At a White House briefing early this week, Joe Biden’s press secretary, Karine Jean-Pierre, was asked whether there’d been any thought of postponing Anthony Albanese’s state visit because of the Middle East conflict.

The Guardian - AU

Grim end to year predicted for Labor with high chance of at least two more interest rate rises

Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting

The Conversation

Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates

Today’s figures from the Australian Bureau of Statistics show inflation fell in the September quarter for the third consecutive quarter.

The Conversation

If you're 65 or over and want to work, you're far better off in New Zealand than Australia

Want to keep working after you’ve reached pension age?

Pedestrian.tv

If Ya Thought Petrol Was Heaps Spenny Already, Brace Yrself Bc It’s About To Get A Lot Worse

I'd say "time to get the train" but public transport fares are fkd too.

The Guardian - AU

Former governor general and Labor party leader Bill Hayden dies aged 90

Prime Minister Anthony Albanese confirmed his death on Saturday

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