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The Latest Breaking News from Jim Chalmers

Reserve Bank might be using sledgehammer to crack a nut

Prominent economists say a broad range of economic policies are needed to tackle inflation with RBA rate hikes ineffective against key sources of inflation.

AAP

Australians' national wellbeing shows a glass half full: Measuring What Matters report

Australia presents a mixed picture of national wellbeing, according to the government’s Measuring What Matters report released by Treasurer Jim Chalmers.

The Conversation

PwC partner wins injunction over retirement move

A partner of PwC is taking the embattled consultancy giant to court over his forced retirement after an investigation into misuse of confidential information.

AAP

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Australia's first wellbeing framework is about to measure what matters – but it's harder than counting GDP

In an implicit admission that the Commonwealth budget may not measure what really matters, Treasurer Jim Chalmers is about to release what he is calling “Measuring What Matters” – Australia’s first national wellbeing framework.

The Conversation

Consultancy firms’ tactics under scrutiny – as it happened

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The Guardian - AU

Lowe's interest rate missteps were costly ones for many Australians

How difficult can it be?

Newcastle Herald

Renters never gloomier as living costs soar

Confidence among renters has plunged to a record low.

The Canberra Times

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China GDP growth falls short of expectations as sinking property prices hit economy

Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023

The Guardian - AU

Easing global inflation story takes pressure off rates

Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.

AAP

‘A lethargic result’: Labor says it is ridiculous for Peter Dutton to take heart from Fadden byelection win

Deputy prime minister Richard Marles says byelection swing to LNP was ‘half the average swing you would expect against a sitting government’

The Guardian - AU

'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

AAP

Hundreds charged after NSW domestic violence operation; South Australia moves to ban no cause evictions – as it happened

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The Guardian - AU

Coalition to target 'Albo-nomics' after Fadden win

Following an LNP win in a Queensland by-election, Deputy Liberal leader Sussan Ley will spearhead a coalition attack on Labor's economic management.

AAP

'No comfort' for Peter Dutton after Fadden by-election

Labor has described the Liberal National Party's win in the Fadden by-election as "pretty lethargic", as cost of living issues bite.

AAP

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The Guardian - AU

Michele Bullock spells continuity at RBA – but respite unlikely for borrowers

The new chief was one of the board members raising interest rates, but has been brought in to reform the central bank

The Guardian - AU

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

The Conversation

Politics with Michelle Grattan: Treasurer Jim Chalmers on Michele Bullock's appointment as Reserve Bank Governor

For months, speculation has swirled about the appointment of a new governor of the Reserve Bank, a key position in the management of the Australian economy.

The Conversation

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Australia’s next Reserve Bank governor, Michele Bullock – the first woman in the job – will take office in September at a time when much of the bank’s work in fighting inflation will be done and its focus will be on changing the way it operates.

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The Conversation

Reserve Bank veteran Michele Bullock becomes first woman governor, replacing Philip Lowe

The government has appointed Michele Bullock the new governor of the Reserve Bank – the first woman to occupy the post.

The Guardian - AU

Michele Bullock named as new governor of the RBA and first woman to lead central bank

Bullock replaces current Reserve Bank of Australia chief Philip Lowe, whose term expires in September

AAP

First woman to lead Reserve Bank as Lowe exit locked in

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.

The Conversation

Reserve Bank Governor Lowe announces changes to bank's operations as cabinet readies to approve who will lead it

Reserve Bank Governor Philip Lowe has announced a raft of reforms the bank will make following the recent review of its operations, as the government prepares to announce who will lead it after his term expires in September.

The Guardian - AU

RBA to cut number of meetings that set interest rates to eight a year, Philip Lowe says

Lowe’s speech may be his last as Reserve Bank governor before treasurer Jim Chalmers announces whether his term will be renewed

The Guardian - AU

Voice needed for change, Davis says – as it happened

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The Conversation

Chalmers 'measures what matters' – tracking our national wellbeing in 50 indicators

Australia’s first national “wellbeing framework”, to be released by Treasurer Jim Chalmers within weeks, will provide about 50 indicators of how Australians are doing, that will then be tracked over time.

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