Chalmers jawbones RBA for double rate cut
Most economists have ruled out any emergency intra-meeting rate cut, saying the central bank should remain cautious about just how deflationary the US tariffs will be for Australia.
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Treasurer flags May rate cut of up to 50 basis points, warns recession risk ‘much more substantial’
Jim Chalmers warns the repercussions of US tariffs are yet to play out, says the market expects up to four interest rate cuts this year, and there are ‘concerns about the Chinese economy’.
Write-off has ALP on the back foot
The Prime Minister has defended the duration and size of Labor’s promised small business tax break.
‘But we export nothing’: Norfolk Islanders puzzled by Trump’s 29pc tariff
Norfolk Island’s 2200 inhabitants have found themselves as unlikely adversaries in Donald Trump’s global trade war.
Rates response by RBA: cut, cut and more cuts
The Reserve Bank is almost certain to cut interest rates next month and follow up with as many as three further reductions this year, traders say.
Rival leaders in race to benefit from Trump bump
Anthony Albanese is poised for a showdown with Donald Trump if sweeping tariffs are slapped on Australian goods, with the government considering WTO action, as Peter Dutton pledges to ‘stand up’ to the US President.
Dutton threatens to wield the axe in health, education and ABC
The health and education departments, alongside the ABC, are in Peter Dutton’s sights as the opposition attempts to identify ‘wasteful’ spending.
Coalition has to backtrack on its transmission clawback
Peter Dutton’s claim a Coalition government would claw back funding allocated to Labor’s $19bn Rewiring the Nation program have been blunted.
RBA ‘well placed’ to deal with Trump tariff fallout
Jim Chalmers on Tuesday immediately looked to the potential for a May rate cut, as he said the mooted post-election RBA shift would be a result of Labor’s strong economic management.
Campaign, tariff threat keep RBA on the sidelines
The Reserve Bank is set to keep interest rates unchanged on Tuesday as it awaits the outcome of the May 3 election and the impact of US President Donald Trump’s tariffs.
Original URL: https://www.theaustralian.com.au/author/jack-quail/page/2