‘Backwards’: ‘Harsh reality’ after RBA hold
Australian savers are barely breaking even after inflation despite the Reserve Bank shocking markets and holding the cash rate.
Economics
Time to embrace ‘growth mindset’: PC
Productivity Commission chair Danielle Wood has called on governments to embrace a ‘growth mindset’ to guide their policy decisions, which would improve material living standards.
Why rush? RBA fine-tunes its path to rate cuts
The RBA acts with an abundance of caution. Don’t worry, your next rate cut is coming, you’ll just have to wait a little longer.
Pushback: Bullock stands in Chalmers’ way with shock rate hold
Michele Bullock is not having one ounce of the sort of browbeating the world has seen from Donald Trump towards the US’s independent interest rate setter.
Shock and disappointment for some but discretion wins out
Jim Chalmers would have preferred a different outcome. But an independent central bank must be left to get on with meeting its defined objectives.
Treasurer’s calling for a cut but RBA puts him on hold
Jim Chalmers has weaponised a split vote of the Reserve Bank board, as governor Michele Bullock argued she was yet to be convinced inflation had been ‘nailed’.
‘Reduce trade barriers’ to counter tariffs
As the US prepares to hike global tariffs, the Productivity Commission has called on the Albanese government to do the exact opposite — urging the removal of Australia’s remaining trade barriers.
‘Irreconcilable’: Star’s hold on Brisbane is slipping away
Some big names emerged when the call was made for a new casino operator to take over from Star. Now, the backers of Brisbane’s Queen’s Wharf are keen to get moving with a split.
RBA tipped to deliver more mortgage relief
Household borrowers are poised for another reduction in mortgage repayments, with the Reserve Bank expected to lower the cash rate to 3.6 per cent on Tuesday.
Bets locked in on RBA cut as Trump tariffs cloud pathway
The money market has priced in almost a 100 per cent probability the RBA will cut rates on Tuesday and that there will be four on the way, but tariffs still hang over global markets.
Australia’s iron ore sector pins its hopes to a Chinese rebound
Beijing’s latest supply-side reforms provide some hope for Australian iron ore miners after a brutal financial year in which the materials sector significantly lagged the broader market.
Albanese not for lifting over GST reform
Anthony Albanese says raising the rate of the GST ‘doesn’t fit’ with his support for progressive taxation, signalling he will be unlikely to seriously consider reforming the measure as part of the economic reform roundtable.
PM’s reform project can’t be a one-hit wonder
The message from business to Anthony Albanese’s challenge is not to overcomplicate the process, but there has to be a real appetite for change.
Home hopes shattered by high costs and red tape
The federal government’s ambitious housing plans are under threat unless big reforms are made to boost the property sector, according to the results of an industry survey.
ALP’s new homes target falling short
Labor’s 1.2 million new homes target within the next five years is expected to fall short by 285,000 dwellings.
‘A land crisis’: How GemLife is untangling the property puzzle
Investors have backed GemLife’s ‘seachanger’ property model with a strong debut on its closely-watched $1.5bn stock market listing.
Why RBA could hold fire in July
There’s every chance that the RBA will remain sidelined at its policy meeting next week, and choose to wait for second-quarter inflation data and new economic forecasts.
Why RBA could hold fire in July
There’s every chance that the RBA will remain sidelined at its policy meeting next week, and choose to wait for second-quarter inflation data and new economic forecasts.
Vanessa Hudson’s first big test as Qantas boss is here
The fallout from the massive Optus and Medibank cyber breaches was around the quality of response. There are big questions for Qantas to answer with this attack.
Roundtable revolt on Labor super tax hikes
Labor is bracing for its controversial super tax to be a sticking point at its landmark economic reform roundtable, as unions join business in warning Jim Chalmers and Anthony Albanese that their revenue grab needs overhauling.
PM, Chalmers prepare for Keating’s next attack on super tax
Paul Keating’s first delivery this week was a warm-up. How Albanese and Chalmers play their shots when the former PM is at full tilt will test the integrity of the super tax plan altogether.
‘The job is never done’: Ryan Stokes on Boral’s big rebuild
The sought-after Boral boss is stepping down after just over three years, as he reveals his next plans.
Why Star’s Brisbane deal is in tatters
Tensions had been building for weeks and Hong Kong’s sudden exit goes to the casino’s ongoing credibility problem.
What an alternative Labor super tax should really look like
Anthony Albanese and Jim Chalmers will face growing pressure to reconsider their plan for an unrealised capital gains tax.
Can the demand for artificial intelligence match the hype?
Will soaring demand for AI justify the massive infrastructure spending spree? UBS and Citi tackle the trillion-dollar question being asked by investors.
What value should sharemarkets put on geopolitics?
For years, big investors have been calling out the rising influence of geopolitics on shares. The problem is no one knows how to quantify this.
‘It was a leap of faith’: Behind Bain’s bold Virgin rescue
Speaking for the first time about the Virgin Australia rebuild, Bain Capital boss Mike Murphy reveals what led to the massive five-year rescue effort of the nation’s second-biggest airline.
Trump’s ‘revenge tax’ dropped, super funds dodge a bullet
Australian super funds and companies had risked being caught in the crosshairs of the Trump plan.
Debt pile grows to $45k per person
Australians will be paying $1897 each to cover the total state and federal government deficits, while they will be paying $45,183 debt per capita to cover total government debt.
Rate cut firms as inflation eases
Headline and underlying inflation rates are now in the bottom half of the RBA’s target band for the first time since August 2021.
Original URL: https://www.theaustralian.com.au/business/economics/page/2