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Monetary policy

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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

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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
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
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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
Shadow treasurer Angus Taylor and Treasurer Jim Chalmers.

Stacking with ‘his mates’: Coalition attacks Chalmers on RBA reform

The Coalition has accused Jim Chalmers of trying to stack a part of the Reserve Bank that will set official interest rates, putting at risk key RBA reforms.

  • Shane Wright
Treasurer Jim Chalmers will use a speech on Thursday to warn the surge in revenue that has helped to repair the budget is coming to an end.

No revenue surprises for you ministers: Chalmers

The rivers of gold from high commodity prices and a strong job market have beefed up the budget. But Jim Chalmers says the rivers are starting to run dry.

  • Shane Wright
Former RBA Governor Philip Lowe will replace Mike Baird as chairman of the philanthropic Future Generation fund.

Philip Lowe backs RBA’s caution on rate cuts

The former Reserve Bank governor has joined the chorus of voices warning that interest rates may have to stay higher for longer.

  • Colin Kruger

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