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Jennifer Hewett

Power prices to fall but interest rates on indefinite hold

The government is relieved that energy prices will go down a little from July, but the timing of interest rate cuts is far less certain.

Jennifer HewettColumnist
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Political relief for Chris Bowen more than matches power bill relief for Australian households and small businesses.

The climate change and energy minister can finally celebrate a reduction in most people’s energy prices from July 1, albeit a modest one, rather than commiserate after the last two years of surging costs.

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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
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    Original URL: https://www.afr.com/policy/economy/power-prices-to-fall-but-interest-rates-on-indefinite-hold-20240319-p5fdg4