The Government is still dealing with the long tail of its shambolic Budget, delivered way back in May.
Andrew Hauser said the situation in the Middle East and the outlook for inflation was looking a lot worse than feared - and suggested unemployment would have to rise.
Stephen Johnson
Australia’s labour market is showing signs it is softening faster than the central bank expected, Reserve Bank assistant governor Christopher Kent says.
Matt Mckenzie & Nasteho Said
Reserve Bank governor Michele Bullock told a closed conference more aggressive interest rate rises may be needed to bring down inflation and stop it becoming entrenched.
Unemployment has risen to a five-year high of 4.7 per cent but economists fear the Reserve Bank will hike rates again in three weeks and let the labour market worsen to bring inflation under control.
Despite everything that has been thrown at the global economy, it remains remarkably hardy.
Daniel Moss
Former Reserve Bank boss Bernie Fraser has hit out at successor Michele Bullock’s four inflation-busting interest rate hikes this year amid warnings more may be on the way.
Matt Mckenzie
Australian business confidence is getting worse as a surge in oil prices, driven by renewed tensions in the Middle East, raises concerns over higher costs.
Cheyanne Enciso
The IMF has warned Australia will this year have some of the rich world’s worst inflation in 2026, as it called on governments with an inflation problem to cut spending. RBA has hinted at November rate hike.
A leading economist has delivered a sobering warning for national house prices, claiming the fall in some individual suburbs could be as high as 40 per cent.
Daniel Newell
Australia’s home auction clearance rate held below 50 per cent for the second week in a row as the central bank’s move to raise interest rates to a 15-year high weighs on buyer demand.
Peter Vercoe
Australia's labour market is expected to continue to soften, even though small businesses are hanging on to workers despite growing cost pressures.
Jacob Shteyman
The market is back in the green, but a crucial jobs report could shape the RBA’s next move.
Digital Staff
The big four have passed on another rate rise to mortgage holders while savers finally have a shot at earning 6 per cent. But miss the fine print and your bank could pay you just 0.01 per cent.
Ryan Johnson
Shoppers are set to tighten their wallets even further as fresh figures reveal confidence in the economy has plunged to its lowest level since the early 1990s recession.
Consumer confidence has taken another dive as households digest the financial consequences of another interest rate rise that will add even more to their monthly mortgage repayments.
Recent first-homebuyers who participated in the Federal Government’s 5 per cent deposit scheme are those most likely to have fallen into negative equity, according to Reserve Bank of Australia research.
Adrian Lowe and Stephen Johnson
Thousands of smaller businesses now face a dilemma - absorb the cost of customers tapping their cards, squeezing already-thin margins, or build it into prices and risk driving away cash-strapped consumers.
Karen Leigh and Joe Flynn
The number of WA companies reporting rising cost pressures as a handbrake on growth has hit a five-year high, with the State’s peak business lobby group warning there’s little relief on the horizon.
The Australian dollar has sunk to a nine-week low below US70¢ despite another RBA rate rise, raising import-cost risks as Michele Bullock puts the currency at the centre of the inflation fight.
Business groups say policymakers are better off assessing how the ‘ever-growing mountain of regulatory burden’ was hurting Australia’s productivity, instead of telling firms to lift their game.
Inflation has soared to a three-month high — increasing the chance of a November rate hike but calling into question Labor’s claim the Middle East conflict is the key driver of higher consumer prices.
Two of the nation’s biggest lenders have warned homeowners to brace for another bruising interest rate rise when the Reserve Bank next meets again in November.
Philip Lowe, who was Reserve Bank governor during COVID, has slammed Labor’s Budget management, arguing that it is leading to higher interest rates and inflation.
