The bill was supported by the Opposition but opposed by the Greens, with senator Nick McKim arguing the new laws were backed by the Liberals who were ‘no friends of unions’ and had a ‘history of union bashing’.
Local Meta executives told a joint select committee that social media was ‘safe and positive’ for children, while admitting the tech giant had no local staff to police dangerous content.
Reserve Bank deputy governor Andrew Hauser noted there had been ‘substantial market reaction’ to the recent inflation rise but suggested it was ‘not a turning point’ in the central bank’s outlook.
All but one capital city across the country have seen drops in rental vacancy rates, with the trend likely to continue.
The big banks have been quick to pass on the dozen rate hikes to mortgage holders, but have once again dudded savers.
Anthony Albanese assured voters in 2022 that he’d be a safe pair of hands. But 14 months after winning office, the scale of Labor’s ‘renewal project’ is becoming clear.
The final surplus for 2022-23 could be five times higher than that predicted in the May budget, independent economist says.
Jim Chalmers must know that wage increases without productivity rises will lock in inflation, or possibly accelerate the rate.
Former Labor foreign minister Bob Carr says the country needs to see America as a more ‘unpredictable and more unreliable’ ally in the future.
The inflation genie has become the touchstone issue of the budget and the benchmark the Treasurer has set for success or failure. And the politics of inflation appear to be getting away from him.
Inflation is the major concern for investors, and higher inflation is here to stay.
Labor has agreed to amend its signature housing policy in a bid to win crucial upper house support as it scrambles to push the bill through the parliament.
The RBA has stunned markets and home borrowers by raising its cash rate, warning of the risks of entrenching high inflation.
The worst of the inflationary wave may be behind us, but it is far from a ‘mission accomplished’ moment for Philip Lowe.
The Reserve Bank could pause its monetary tightening within a fortnight, but the prospect of rate relief is tinged with fears poor productivity growth risks entrenching high inflation.
The irony of the RBA’s independence is that Anthony Albanese’s political fortunes are tied to the mast with Philip Lowe.
Interest rate calls could instead fall to a ‘specialist monetary panel’ as part of a landmark review of the central bank.
Mortgage holder anger at a fifth straight hike should be directed at the RBA chief’s calamitous assurance of a rates freeze.
Rising rates and declining real wages could stall consumer spending and lead to steep falls in property values, the RBA warns.
Something very unusual is happening – the head of the nation’s biggest mortgage lender wants the government to step in and cool the housing market.
Original URL: https://www.theaustralian.com.au/topics/rba