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Monetary policy

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RBA governor Michele Bullock.

RBA governor says bank was too late to hike interest rates

Michele Bullock says the bank’s heavy-footed response to inflation weighed on the board’s mind as it made the first cut to interest rates in years.

  • Millie Muroi

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Sorry to break it to you, but this isn’t the day we stop feeling so sorry for ourselves

Here’s why I doubt this small cut in interest rates will be the circuit breaker everyone was hoping for.

  • Ross Gittins
Mosaic owns the Rivers brand along with Noni B and Millers. The company called in administrators last year.

Profit warnings, shuttered stores: Retailers are desperate for rate cuts

The discretionary retail sector is hanging out for an interest rate cut to breathe some life into moribund sales growth and shrinking margins.

  • Elizabeth Knight
Treasurer Jim Chalmers

A terrible set of numbers for a treasurer and Reserve Bank governor

No matter how much Jim Chalmers tries to find a golden thread in these bleak economic numbers, there’s no getting away from the fact consumers are scarred.

  • Shane Wright
Australia’s economy is barely growing and shrunk in per capita terms for the seventh straight quarter.

‘Sad economy without hope’: Deepest hit to living standards on record

Treasurer faces questions about his ability to manage economy as public spending props up national accounts.

  • Shane Wright and Millie Muroi
So far, despite inflation being dragged back down towards the 2 to 3 per cent target, unemployment remains steady.

The big boss of central banks thinks our bankers are missing something

The Bank for International Settlements says central banks, including the Reserve Bank of Australia, need to take off their blinkers.

  • Millie Muroi
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CBA is the only big four bank to expect a rate cut this year.

Hoping for the RBA to cut interest rates? Here’s what the big four banks are saying

While markets are expecting at least one rate cut before the end of the year, RBA governor Michele Bullock and most of the big four banks disagree.

  • Millie Muroi
While overall prices fell in May, higher priced fruit and vegetables have contributed to a spike in inflation to 4 per cent.

August rate rise on RBA agenda after inflation increases

Even though prices fell in May, overall inflation has lifted to a six-month high of 4 per cent. Mortgage holders face a nervous wait for the Reserve Bank’s next meeting.

  • Shane Wright
Mining was the weakest sector as heavyweights BHP, Fortescue and Rio Tinto all fell.

ASX pares back early sharp losses as miners fall, tech gains

The Australian sharemarket pared back its early sharp losses, but mining heavyweights dragged the local bourse into negative territory.

  • Sumeyya Ilanbey
A fresh mortgage cliff is facing hundreds of thousands of households as their fixed rate mortgages revert to variable rates.

Another mortgage cliff faces home buyers and the economy

The economy in 2023 survived a surge in people moving from fixed to variable rate mortgages. But there are doubts whether it can do it again in 2024.

  • Shane Wright

Original URL: https://www.brisbanetimes.com.au/topic/monetary-policy-5zu