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Economists to pore over jobs data, Reserve Bank minutes
14 October
Unemployment data will give the Reserve Bank an idea of how its interest rate hikes are affecting Australia’s economy, as a readout of its last meeting informs economists of its thinking.The Reserve Bank’s decision to raise the cash rate to 4.6...[Read More]
Debt concerns: treasurer’s era of cheap-money ending
30 September
Because everyone wants your money, you can charge them more for it.That’s the issue facing governments forced to pay investors more for borrowing cash in the form of bonds.The eye-watering sums being raised by artificial intelligence...[Read More]
Labour pains: jobs market too hot for inflation fight
23 September
Australia’s unemployment rate probably needs to edge a little higher to help get inflation back under control, Reserve Bank governor Michele Bullock says.Prefacing her remarks by saying the RBA does not want to see high unemployment, Ms Bullock...[Read More]
Soft landing botched: IMF backs more rate rises
23 September
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform.With a break-out in price growth hitting Australians’ living standards, returning inflation to...[Read More]
Iran and iPhones add to Reserve Bank’s inflation pickle
16 September
The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says. With rising inflation pressures from the Middle East and more broadly around...[Read More]
Australians are ‘furious’ about inflation: RBA deputy
9 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says. Ahead of the central bank’s meeting later this month on interest...[Read More]
AI boom, productivity malaise making RBA’s job harder
19 August
The surge in artificial intelligence investment and Australia’s sluggish productivity growth rate are forcing the Reserve Bank to keep interest rates higher, a top central bank official says.Speaking two days after the RBA kept the cash rate...[Read More]