Today
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.
Yesterday
RBA’s shock call to hold rates based on jobs, inflation: minutes
The Reserve Bank minutes reveal the board was buying time as it shocked the market by holding off on a rate cut at its July meeting.
Minutes reveal how TACO kept RBA on hold
As the Reserve Bank board agonised over its rate call this month, the spectre of Donald Trump’s trade war loomed large.
Why the RBA held rates; Insignia’s $3b deal; Wall St guru buys dip
Read everything that’s happened in the news so far today.
This Month
Apple Pay at risk as end of card reward programs as we know them looms
Far-reaching RBA proposals to change how credit card payment processing is paid for blindsided banking executives last week. The pushback is about to begin.
How this fundie’s best career call shapes Schroders’ funds
Adam Kibble made a cracking investment decision before the GFC by being “really pre-emptive”. He’s now trying to do the same for the $1.6 trillion money manager.
Tap and go? Credit cards? In these suburbs, cash is still king
More than 1 million people use banknotes and coins for their everyday payments, even as regulators and banks prepare for the day the country goes cashless.
ASX to fall, but week hinges on RBA speech and Wall Street earnings
Investors will be watching for dovish sentiment in central bank commentary and results from Alphabet and Tesla, as the local benchmark points slightly lower.
Billionaire Fox family says RBA’s push on cash powers is ‘unusual’
Armaguard’s owners say they have no interest in selling the dominant banknote and coin transport business if banks and regulators agreed to “fair prices”.
‘It’s our time’: Meet the Aussies banking on Trump’s crypto bonanza
Through new laws and less hostile regulators, the US President is making the sector great again in America. Australian start-ups hope to get in on the act.
Yoga, isolation or a ‘shadow’ board? How economists predict RBA calls
The art of forecasting what the central bank will do with interest rates is a difficult one and, it turns out, everyone has a different approach.
Plenty of reasons why rates will remain higher in the long run
Politicians around the world have a habit of running big budget deficits to spend money on voters today by borrowing money from voters in the future.
Banning surcharges only solves a political problem for the RBA
Small business would not need to charge their customers if major banks and credit card companies just set reasonable fees for credit card use.
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.
The RBA suddenly looks late on rates
The jump in the jobless rate appears to have all but locked in a rate cut in August, after the RBA shocked the market by holding last week.
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.
Inside the interest rate decision that shocked the country
Economics editor John Kehoe and senior reporter Jonathan Shapiro on the RBA’s shock decision on rates, what it means for the economy and whether the next generation will be worse off than their parents.
RBA, Treasury push for powers to save cash from Armaguard collapse
The proposal, alongside the competition and market regulators, comes amid financial pressure on the monopoly cash delivery business owned by the Fox family.
How your credit card points will suffer from the RBA crackdown
A big part of the funding for credit card reward schemes offered by Visa and MasterCard comes from the interchange fee the RBA wants to cap.
RBA proposes complete ban on card surcharging, saving shoppers $1.2b
In a blow to major banks, the RBA review also calls for interchange fees – paid between a merchant and a shopper’s bank – to be lowered significantly.