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Opposition Leader Peter Dutton.

Dutton says the GFC is ‘ancient history’. If only that were true for voters like me

I am far from being the only Millennial struggling to square my experience of 2009 with Peter Dutton’s era of astute investing, and the lasting financial repercussions of that time.

  • Rachel Clun

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Treasury secretary Steven Kennedy and Finance Minister Katy Gallagher at the Senate hearing on Wednesday.

Treasury boss rejects politicisation claims, denies costing Coalition lunch policy

Steven Kennedy has emphatically rejected Coalition claims that Treasury has been politicised by the past ministerial postings of its top bureaucrats.

  • Millie Muroi and Shane Wright
Anthony Albanese at Labor’s ‘Strengthening Medicare’ announcement in Launceston.

Election spending promises are fine, but how will we pay for them?

The cost of living crisis is hurting everybody except the election promises of campaigning politicians.

  • The Herald's View
Former Treasury boss Ken Henry says the tax system is deliberately designed to hurt young people and future generations.

‘Wilful act of bastardry’: Henry condemns tax system for crushing young Australians

Former Treasury boss Ken Henry says a succession of governments have used the tax system to deliberately hurt young people, propping up the old and vested interests like mining.

  • Shane Wright
Illustration by Dionne Gain

Life is a highway, and Australia is stuck in second gear

If the Australian economy were a car, it would be Volkswagen bus. But if our living standards are to improve, it needs to purr like a Lamborghini.

  • Shane Wright
Reserve Bank governor Michele Bullock.

What Michele Bullock really meant in speech after cutting interest rates

We’ve deciphered the RBA governor’s comments on Tuesday, after the Reserve Bank cut rates for the first time in more than four years.

  • Matt Wade and Shane Wright
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Sarah O’Donnell and her baby Sophie.

‘Breathing room’: Rate cut means Sarah can ‘splurge’ on Easter eggs this year

Four Sydney home loan borrowers react to the first interest rate cut in more than four years.

  • Kayla Olaya and Frances Howe
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Feb. 18, 2025. Australia’s central bank cut interest rates for the first time since 2020 as inflation approaches the top of its 2-3% target, while saying it will take a cautious approach to future decisions.

RBA dashes hopes of further rate relief after first cut in four years

The big four banks moved quickly to match the cut to their mortgage rates to alleviate the pain mortgage holders have been feeling since rates started rising in May 2022.

  • Shane Wright, Millie Muroi and Sumeyya Ilanbey
Anthony Albanese’s election timing will be influenced by Michele Bullock’s decision.

At last, Sydney’s heavily indebted home borrowers have reason to smile

With Australia’s economic growth rate anaemic, and the consumer price index within the RBA’s target band, the case for a rate cut was compelling.

  • The Herald's View

Want to keep your local cafe in business? Start paying them $7 a coffee

As a coffee-obsessed nation, Australia has been holding terrified cafe owners to ransom for too long. It’s time we enter our $7 coffee era.

  • Rachel Clun

Original URL: https://www.smh.com.au/topic/australian-economy-1m3k