How RBA viewed implications of a Trump victory
The Reserve Bank believes Donald Trump’s clean sweep will slow Australia’s economic growth and domestic inflation, driving down interest rates and the value of the Australian dollar.
The Reserve Bank believes Donald Trump’s clean sweep will slow Australia’s economic growth and domestic inflation, driving down interest rates and the value of the Australian dollar.
Jim Chalmers has claimed critics of his overhaul to the Future Fund’s investment mandate are ‘unhinged and ill-informed’.
Jim Chalmers’ changes to the Future Fund have been denounced as ‘fiscal vandalism’ by John Howard, as he and fellow sovereign wealth fund architect Peter Costello lead a chorus of stinging attacks.
Jim Chalmers is overhauling the investment mandate of the Future Fund to drive capital into Labor’s agenda, in a major shift in the role of the sovereign wealth fund established by the Howard government.
Jim Chalmers has paved the way for additional government spending in the lead-up to the election, as he warned the mid-year fiscal update would show tepid economic growth figures.
The recent loosening of Australia’s still-tight labour market may have stalled, the RBA has said, as it warned it could require more than one ‘good’ dose of inflation news before cutting rates.
More than a year after its establishment, the $15bn off-budget investment vehicle has picked Toowoomba-based Russell Mining Equipment as its first recipient for funds.
The Coalition-led Senate inquiry into the cost of living pressured the Prime Minister to reconvene national cabinet to clampdown on expenditure at ‘all levels of government’.
The billionaire mining magnate has vowed to challenge Labor’s mooted election finance laws in the High Court, declaring the Albanese government is ‘eliminating democracy in Australia’.
A Coalition-led Senate inquiry investigating the recent rise in the cost of living has delivered its findings, as the opposition claims Labor has not done enough to stem elevated inflation and an increase in interest rates.
Original URL: https://www.theaustralian.com.au/author/jack-quail/page/7