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The Latest Breaking News from Michele Bullock

AAP Rolling News Bulletin June 17, 0430

AAP Rolling News Bulletin for June 17 at 0430

AAP

AAP Rolling News Bulletin June 17, 0400

AAP Rolling News Bulletin for June 17 at 0400

AAP

FED:Slowing economy could shut the door on more rate hikes

Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.

AAP

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Slowing economy could shut the door on more rate hikes

Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.

AAP

Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet

Governor Michele Bullock delivers a strong message after the Reserve Bank holds the cash rate at 4.35%, ending a run of three rises

The Guardian - AU

FED:RBA keeps rates on hold but leaves door open to hikes

Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards.

AAP

Confidence readings punctuate lull in economic calendar

Consumer and business sentiment surveys are the highlight of an otherwise quiet week on the economic front in Australia, as global turmoil casts a shadow.

AAP

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Officials bank on economic slump helping tame inflation

Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.

AAP

GDP data tops the economic agenda, RBA officials speak

Reserve Bank governor Michele Bullock will get a chance to react to Wednesday's economic growth figures when she fronts a parliamentary hearing in Canberra.

AAP

Interest rates look set to hold, after inflation and fuel costs fell in April. But it’s unlikely to last

Inflation actually fell in Australia last month, thanks to temporary government fuel discounts that saw fuel prices come down by 7% from their record peaks in March.

The Conversation

Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness

The CGT discount not only increased the benefit to non-wage earners, it did so in a way that incentivised investing in rental properties rather than shares

The Guardian - AU

In this year’s budget, Chalmers has to keep a lid on spending – or risk stoking inflation

Crafting a federal budget is never easy. Tonight’s budget is harder than most.

The Conversation

'Spendthrift' sandgropers trigger GST allowance critics

The scale of cash handouts in the Western Australian budget has infuriated some economists, who argue they are provocatively inflationary.

AAP

Grattan on Friday: The Farrer result will set off a willy willy. The budget already has

The run-up to a budget always sees a degree of chaos. But this year it has looked like one of those willy willies that blow up in outback Australia when the wind stirs a storm of dust.

The Conversation

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AAP

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

The Guardian - AU

RBA governor’s frank message on the economy is the biggest shock

Michele Bullock drops her usual caution to spell out the threat of higher prices and lower growth

The Guardian - AU

Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault

In sobering comments, the RBA governor forecasts economic malaise due to the global fuel shock. Not recession but higher prices, lower growth and wages that don’t keep pace with inflation

The Conversation

With no easy options, RBA raises interest rates for the third time to quell inflation

The Reserve Bank of Australia (RBA) has lifted the official cash rate by another 25 basis points, the third hike this year as it struggles to keep inflation under control.

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AAP

Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

AAP

Impact on inflation from fuel price hike to be revealed

The first inflation figures since the Iran war started, causing petrol prices to skyrocket, will give clues on its cost - with home-buyers watching closely.

The Conversation

The RBA’s policy deliberately creates unemployment. So why do we treat the jobless so badly?

The Reserve Bank of Australia (RBA) will look at the latest unemployment figures – 4.3%, roughly 650,000 people out of work – and see a labour market that is still “too tight”.

AAP

RBA to air board's disagreement in meeting minutes

Central bank watchers will get to peak into the Reserve Bank board room as minutes of a meeting that split 5-4 in favour of an interest rate hike are released.

AAP

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

AAP

RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

AAP

Confidence tanks as fuel spike flows to building costs

Housing Minister Clare O'Neil has brought together leaders from the construction industry as they grapple with skyrocketing materials costs.

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