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John Kehoe

Today

Michele Bullock

Bullock warns inflation may take longer to tame

The governor says the Reserve Bank’s preferred measure of underlying inflation may not fall as quickly as anticipated, signalling an interest rate cut next month is not guaranteed.

Yesterday

Treasurer Jim Chalmers will host a productivity roundtable next month.

Fading mining boom will cost Aussies $75k each, Westpac warns

Australians will forfeit tens of thousands in potential income over the next decade unless stagnant productivity can be revived.

Government spending is at its highest level since WWII.

More than 50pc of voters now rely on government for their main income

A “culture of dependency” has lifted spending to its highest level since World War II, and the National Disability Insurance Scheme is the chief culprit.

This Month

Business Council of Australia chief executive Bran Black.

AI a Trojan horse for more IR regulation, business warns

CEOs invited to next month’s meeting fear artificial intelligence will be used as cover to push for unions to have veto power over the introduction of technologies.

Former Qantas CEO Alan Joyce has warned industry leaders not to fall into the same trap as they did at Labor’s 2022 jobs summit.

‘We’re being done over’: Alan Joyce fears repeat of Labor’s 2022 jobs summit

The former Qantas CEO suggests business seeks a guarantee that the productivity summit isn’t orchestrated.

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A Labor prodigy’s fast rise – but does he bleed enough for the voters?

Andrew Charlton has the economic credentials, the money, the networks and momentum. All eyes are on how far the long-term rival of Jim Chalmers can go.

Former Treasury secretary John Stone has passed away.

John Stone, former Treasury secretary, dies aged 96

Former prime minister John Howard has remembered John Stone as a public servant with “superb intellect”.

Iron ore prices have been more resilient than expected.

Big miners fear tax increase from Chalmers’ roundtable

Resources companies are nervous that next month’s meeting with business, unions and policymakers will target mining and energy to pay for cutting other taxes.

Michele Bullock

The jobless rate is up. Over to you Governor Bullock

The unexpected jump in the unemployment rate to 4.3 per cent will put scrutiny on the RBA’s surprise decision not to cut interest rates this month.

Jobless rate rises to 4.3pc, cements RBA rate cut

The unemployment rate has jumped to 4.3 per cent, confirming the jobs market is cooling and paving the way an RBA cut to interest rates next month.

Ken Henry says you should be half-a-million dollars richer

Australians have lost $500k in pay rises over the past 25 years because of the economy’s abysmal productivity, says former Treasury boss Ken Henry.

Prime Minister Anthony Anthony Albanese speaks at the Shanghai High Level Business Lunch held at the Peace Hotel in Shanghai on July 14, 2025.

Bloated government clashes with Labor’s business-led growth hopes

Unless there is a fundamental mindset shift by Labor, the private sector will remain stuck in the doldrums, and we will retain an inflated, government-led economy.

Minister for Social Services Amanda Rishworth and Prime Minister Anthony Albanese.

Productivity dragged down by government, NDIS jobs boom

Four in five jobs created in the past two years are in industries heavily influenced by government spending and regulation, Labor has been warned.

New changes could be on the way for electric vehicle owners in Victoria.

EV levy plan sets up revenue fight with states

Victoria and NSW are demanding they receive revenue from a proposed new distance-based road user levy on electric vehicles.

Gen Z will be richer than their parents. But here’s the catch

Sluggish productivity and tax policies rigged against young people mean many are missing out on financial comfort precisely when they need it most.

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Treasurer Jim Chalmers has maintained the change to Australia’s $4.1 trillion dollar sector would affect only one in 200 Australians.

The occupations hardest hit by $3m super tax

People affected by the planned tax on superannuation balances above $3 million will have a total median wealth of more than $11 million, new data shows.

RBA board members Jenny Wilkinson and Iain Ross.

Which RBA board members voted for a rate cut?

At least two Labor appointees to the Reserve Bank monetary policy board almost certainly voted for a cut on Tuesday, former insiders believe.

Productivity Commission boss Danielle Wood at the Australian Conference of Economists in Sydney.

PC boss wants to make us ‘richer, healthier, smarter’ and more fun

Productivity Commission chair Danielle Wood has urged governments to embrace a mindset that will deliver higher living standards for Australians.

There was no rate cut from the RBA today.

6 reasons the RBA’s interest rate hold will go down in history

Governor Michele Bullock took the rare step of thumbing her nose at almost every market economist and trader by holding rates steady.

Reserve Bank governor Michele Bullock considered a 0.5 per cent rate cut.

Divided RBA shocks markets to hold cash rate at 3.85pc

The Reserve Bank wants to “wait for a little more information to confirm that inflation remains on track to reach 2.5 per cent on a sustainable basis”.

Original URL: https://www.afr.com/by/john-kehoe-j7gcg