Pressure on Labor over tax cuts, amid broad support for super hikes Pressure is mounting on the federal government over tax cuts, amid support for super changes and ahead of another interest rate rise. The New Daily · Mar 6, 2023
Mortgage holders brace for more interest rate pain The Reserve Bank is expected to hike interest rates again this week and turn up the heat on already stretched household finances. AAP · Mar 6, 2023
‘Incredibly difficult’: RBA prepares 10th straight rate hike, despite slowing economy Struggling home owners face more bad news this week as the Reserve Bank prepares yet another hike in interest rates. The New Daily · Mar 5, 2023
Reserve Bank's cash rate decision to dominate agenda The Reserve Bank of Australia's March cash rate decision and a speech from the governor Philip Lowe will be the highlights of this week's economic news. AAP · Mar 4, 2023
Why are Australian households struggling as corporate profits soar? Everyday Australian’s are struggling to keep up with the rising cost of living with soaring inflation hurting households’ hip pockets. The New Daily · Mar 2, 2023
Australia's economy grows 0.5 per cent in Dec quarter Australian Bureau of Statistics figures show the domestic economy expanded by 0.5 per cent in the fourth quarter, which was softer than expected. AAP · Feb 28, 2023
Why a temporary flood levy on higher earners would be the fairest way to help pay for Cyclone Gabrielle Cyclone Gabrielle’s trail of misery and destruction presents a major fiscal and political dilemma for the government: how should the country pay for the recovery? Does it borrow now and spread repayment over generations, or raise taxes in an election year? The Conversation · Feb 28, 2023
Will the Reserve Bank review achieve anything? What difference could it make to interest rates? A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination. ABC News · Feb 27, 2023
Profits again outstrip wages amid accusations 'corporate Australia is driving inflation' While workers' pay packets are growing at the fastest pace in a decade, profits are still rising even faster, according to official data. ABC News · Feb 27, 2023
Business profits rebound in December quarter Australian company profits have bounced back after dropping off steeply last quarter, with business inventories returning a softer-than-expected result. AAP · Feb 27, 2023
Australia’s big banks are passing on all the interest rates hikes – but not the cuts While the banks have been quick to pass on RBA’s every cash rate increase, they have not matched all the decreases since June 2019 The Guardian - AU · Feb 24, 2023
Profits have driven inflation while wages lag behind, argue economists Increasing profits going to corporate Australia account for more than two-thirds of the nation's inflation problem, according to new research from the Australia Institute. ABC News · Feb 23, 2023
Uni students are lining up for free food and struggling to pay rent Students are lining up for free food — but it's no sausage sizzle. They're queuing for basic groceries they can't afford. ABC News · Feb 22, 2023
Global uncertainty complicates fight against inflation: MPC minutes MUMBAI: The continuing global uncertainty has complicated the fight against inflation, opined Reserve Bank deputy governor Michael Debabrata Patra during the Monetary Policy Committee meeting held on February 8. The Times of India · Feb 22, 2023
AAP · Feb 21, 2023 Wages up 3.3 per cent as competition drives pay packets Wages have grown by 3.3 per cent, with weaker-than-expected reading likely to dampen concerns of a wages breakout keeping inflation sticky.
The Guardian - AU · Feb 21, 2023 NSW police criticised for ‘outrageous’ midnight arrest of student who protested at RBA Cherish Kuehlmann woken up by officers who ‘barged into the house’ and took her to a police station, where she was charged with a trespass offence
The Conversation · Feb 21, 2023 See when Australia's biggest banks stopped paying proper interest on your savings – and what you can do about it Whenever interest rates went up in the past, I used to get told it wasn’t all bad news. At least it was good for some people: savers – people with money in the bank.
ABC News · Feb 21, 2023 Australia to flirt with recession this year, warns NAB Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.
The Guardian - AU · Feb 21, 2023 Rising interest rates may be Labor’s kryptonite – but remember it never ended up killing Superman Are the Reserve Bank’s decisions to keep hiking the cash rate damaging the Albanese government’s economic credentials?
The Guardian - AU · Feb 20, 2023 Morning Mail: Biden’s surprise Ukraine visit, rates take shine off Labor, ‘gobblefunk’ row US president promises more weapons for Kyiv; Guardian Essential poll shows voters think RBA is wrong on rates but also blame Albanese; another earthquake in Turkey
AAP · Feb 20, 2023 New insight into the logic behind February rate rise The Reserve Bank's board minutes will be scoured for fresh insights into the central bank's cash rate decisions and how many more hikes are to come.
AAP · Feb 19, 2023 Wages, Reserve Bank minutes to take the spotlight The pace of wage growth will take centre stage, with the Reserve Bank hoping for a moderate reading that doesn't make its inflation challenge harder.
The Guardian - AU · Feb 17, 2023 A ‘fantastic place to live’, Philip Lowe? Tell that to those struggling under high interest rates RBA governor says ‘capitalism works’ but maybe just a little bit of slack from his institution is what the country needs
AAP · Feb 17, 2023 Savers need to keep pressure on banks: RBA Savers should switch to more competitive rates if banks aren't passing on cash rate hikes, the head of the Reserve Bank of Australia says.
The Conversation · Feb 17, 2023 The Lowe road – the RBA is treading a 'narrow path' between inflation and recession It’s a tough time for central bankers the world over, but especially for Reserve Bank of Australia governor Philip Lowe.