Inflation, interest rates and silly government games
You have every right to feel confused about what’s going on with interest rates. Here’s why Australia isn’t following other countries’ cuts – yet.
Economics
How Northcape jumped ship but still caught Nvidia wave
When Northcape Capital’s Fleur Wright first visited Nvidia in 2018 there was no hint of the generative AI boom which erupted later. But she says it’s still early days.
Aussie businesses world leaders in sustainability readiness
Australian businesses are surpassing global peers when it comes to preparing for tough new climate-related disclosures, according to a report by consulting firm Capgemini.
Increase R&D tax incentive cap, says Cochlear boss
Cochlear chief executive Dig Howitt says Australia needs to increase the research and development tax incentive threshold and dust off a Morrison government-era plan.
No more slaps on the wrist, it’s time to get tough with the banks
The government must reassess the level of fines levied on banks while ASIC should lobby for tougher penalties that act as a deterrent to those that flout market rules.
ASX to extend record run as sentiment runs high
Our sharemarket is tipped to build on last week’s record close as investor enthusiasm continues over the condition of the world’s major economies ahead of local retail and US jobs data.
Chocolate’s going to leave a sour taste as cocoa prices soar
Chocolate lovers, your guilty pleasure is going to cost you even more because the world’s biggest cocoa producing region of West Africa is struggling with its harvest.
Loans, expenses outstrip income for 5pc of borrowers
One in 20 mortgaged borrowers are at a ‘high risk’ of falling behind on their loan repayments, according to new analysis, as investors expect rates to remain on hold until next year.
Financial stress could be ‘magnified’, RBA warns
The RBA says financial stress would be magnified if economic conditions deteriorate further than anticipated and inflation and interest rates were to stay high for longer than expected.
The hidden flaw in Steve McCann’s plan to rescue Star
The reality is, the new CEO has very few levers to pull as the casino struggles to trade out of its mounting problems.
Greens stance on RBA unfortunate, says Philip Lowe
Former Reserve Bank governor Philip Lowe is disappointed with a Greens’ proposal to undermine the central bank’s independence.
Star Barrenjoey recruit, ex-RBA boss fears ‘economic stagnation’
Former RBA governor Philip Lowe, a new director of investment bank Barrenjoey, has urged policymakers to tackle tough supply-side reforms across the economy.
Power bill rebates drive inflation to three-year low
A record reduction in household power bills due to government energy rebates drove inflation in August to its lowest level in three years – but the temporary decline is set to be ignored by the Reserve Bank.
‘Stop bagging the RBA’, says Premier boss
Billionaire Solomon Lew, a former RBA board member, has warned the Albanese government to stop bagging the RBA over interest rates and do the heavy lifting itself by beating down inflation.
How Solomon Lew plans to get his retail mojo back
The billionaire retailer has three big strategic issues to tackle to get his empire of Smiggle through to Just Jeans firing again.
Surprising Aussie towns keen on crypto
As banks disappear from Australian country towns, crypto ATMs are proving popular in spots you may not expect.
Governor’s underlying steel forged by resisting pressure
The independence of the Reserve Bank is hanging by a thread. Jim Chalmers is extremely eager to see the cash rate reduced, which would then flow on to lower mortgage rates.
RBA will be late to rate cut party, but it’s on the way
Michele Bullock marked her first year anniversary as the central bank governor with a shift in tone.
Zhuzh CPI up all you like but we’re not for turning: bank board
The RBA is digging in for a longer fight in inflation while fortifying its defences against political interference.
RBA no longer considering rate rises
As other nations slash their interest rates and politicians demand cuts in Australia the RBA board has for the first time since March not considered the case for a rise.
Original URL: https://www.theaustralian.com.au/business/economics/page/23