‘False prophets’: RBA deputy’s warning
A man at the top of the Reserve Bank of Australia has warned Aussies against “false prophets” who claim to know what will happen in the future.
A man at the top of the Reserve Bank of Australia has warned Aussies against “false prophets” who claim to know what will happen in the future.
Not all Australians are feeling the same pressure from the rising cost of living, the RBA says, with one major state doing it tougher than others.
Not all Australians are feeling the same pressure from the rising cost of living, the RBA says, with one major state doing it tougher than others.
Mortgage holders have been given a reprieve after the Reserve Bank kept interest rates on hold at 4.35 per cent, but should not expect a cut anytime soon.
An acceleration of inflation in the United States and an escalation of tensions in the Red Sea pushed the benchmark lower on Friday.
The tax cuts, which are set to come into effect from July 1, could have major implications for the timing of rate cuts, economists have warned.
Interest rate sensitive stocks buoyed the benchmark on Thursday as softer-than-expected inflation data helped offset losses in the mining sector.
New data shows the vacancy rate for rental properties rose slightly in December but there is hope that 2024 will be a better year for renters.
Inflation has hit a two-year low taking another interest rate rise off the table, but some economists are flagging there could still be a recession.
Despite a cooler than expected inflation reading for November, the share market lost ground on Wednesday as iron ore miners dragged the benchmark lower.
In a positive sign for borrowers, inflation continued its broad slowdown in November, easing pressure on a rate hike in February.
After a four-session slide, the local share market found momentum on Tuesday with all sectors bar energy finishing in the green.
Just 166,127 new dwellings were approved for construction in the year to November, fresh ABS data has shown.
Budget-conscious shoppers splurged at Black Friday to push retail November sales to book their strongest monthly increase of 2023.
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