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The Latest Breaking News from Jim Chalmers

Anthony Albanese says comparing his Ukraine visit to Scott Morrison’s Hawaii holiday ‘beyond contempt’

PM defends his response to NSW floods crisis, saying federal Coalition didn’t ‘get the memo about the new politics’

The Guardian - AU

Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point

All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers.

ABC News

More major warnings issued as focus turns to mid-north coast – as it happened

This blog is now closed

The Guardian - AU

From analysis to the latest developments in health,
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Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

The New Daily

Economy braced for fresh wave of hurt amid calls for 'belt tightening'

Major flooding will drive up inflationary pressures for the economy.

The Canberra Times

CBA, ANZ raise their interest rate levels

ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent.

AAP

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points.

The New Daily

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No recession in prospect, says Treasurer

Despite speculation by some economists, Treasurer Jim Chalmers does not believe Australia is heading towards recession next year.

Crikey

Fuel excise relief to end: Treasurer

Labor's Jim Chalmers says motorists should be ready for fuel prices to rise in September as economic challenges like high inflation take a toll.

AAP

Pay rise won 'for those who kept us going'

Treasurer Jim Chalmers says the new Labor government has fought for the minimum wage rise up to 2.8 million Australians will receive from July 1.

AAP

Pay rise won ‘for those who kept us going’

Treasurer Jim Chalmers says the new Labor government has fought for the minimum wage rise up to 2.8 million Australians will receive from July 1.

Crikey

Moody's affirms Australia's AAA rating

Treasurer Jim Chalmers has welcomed Moody's affirmation of Australia's AAA credit rating.

AAP

Moody’s affirms Australia’s AAA rating

Treasurer Jim Chalmers has welcomed Moody’s affirmation of Australia’s AAA credit rating.

Crikey

Future make-up of RBA board a 'key consideration' going forward, says Federal Treasurer

Federal Treasurer Jim Chalmers throws his support behind calls for the Reserve Bank board to be more representative of the broader Australian community, following scathing criticism that it is out of touch with workers demanding wage increases.

ABC News

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AAP

Extraordinary commodity prices aid budget

Strong prices for Australia's commodities has seen a marked improvement in the budget, Treasurer Jim Chalmers says, but he warns these prices are volatile.

Crikey

RBA review not about taking shots at Lowe

Treasurer Jim Chalmers says one of the objectives of a review of the Reserve Bank is to make sure the its board has the right composition.

The Guardian - AU

Jim Chalmers says inflation will go higher, but unions are right to push for higher wages

Treasurer says it is ‘uncontroversial’ for unions to note that wage rises are below inflation, and suggests there may be a place for workers’ representative on RBA board

Crikey

Albanese dismisses crossbench staff furore

Prime Minister Anthony Albanese has defended reducing the number of staff crossbench MPs and senators can hire after criticism from ‘teal’ independents.

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The Guardian - AU

Ministers defend cut to crossbenchers’ advisers, despite fury of Jacqui Lambie and other independents

Lambie, Zali Steggall and David Pocock have attacked the Albanese government’s decision, saying they may not support legislation if they don’t have the resources to understand it

The Conversation

Beyond GDP: Jim Chalmers' historic moment to build a well-being economy for Australia

Australia’s new federal treasurer, Jim Chalmers, spoke regularly in opposition about a well-being budget and the need to measure more than just the traditional economic indicators.

Crikey

US recession, the economic flu we could all do without — fingers crossed

With a 44% chance of the US entering recession, what do we need to know about Australia’s chances of going the same way?

The Guardian - AU

Public service shake-up continues with four new secretaries for government departments – as it happened

This blog is now closed

Crikey

Australia joins pandemic preparedness fund

The Albanese government will provide money for a new global fund designed to help prevent future pandemics.

ABC News

Where did the RBA find evidence of wage growth?

The Reserve Bank of Australia is facing a federal government review, and we found one good reason for it: Wages growth data has come from a source that an expert called not "statistically valid".

Crikey

The case for putting union boss Sally McManus on the Reserve Bank board

The nine-member board of the RBA is made up of accomplished individuals, but more diversity to break up its current, conservative viewpoint would be welcomed.

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