Government spending surges to $195bn
Strong public spending is offsetting an overall weak economy, new figures from the ABS reveal, ahead of the release of the latest growth figures on Wednesday.
Interest Rates
Surprising state tops list for business
Australia’s leading business body has just ranked the best and worst states and territories for commerce and a surprising state has come out on top.
ASX sets new record high
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
Major bank makes huge rate call
The big four bank is the latest institution to push out its timeline for a Reserve Bank interest rate cut, as customers start spending their stage 3 tax cuts.
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Aussie shares extend ripping winning streak
The Australian sharemarket advanced for a 10th consecutive session on Thursday, marking the longest rally in stocks since 2015.
Why $100,000 a year isn’t enough anymore
Making $100,000 a year used to be a kind of salary holy grail for a lot of Aussies, but the country’s cost-of-living crisis has changed that completely.
Dire warning for ‘stagnant’ Aussie jobs
The Australian economy is growing at its slowest rate since a sharp recession in the early 1990s and it’s particularly bad news for white-collar workers.
Mining giant looks at Indonesia after collapse
Australia’s biggest mining company is reportedly looking at Indonesia’s nickel industry following the shut down of its vast nickel operations in Australia.
Big banks make major move on rates
Three of the big four banks are “betting” on interest rates being slashed after making a big call, according to a finance expert.
‘Aligned’: Chalmers fends off rift with RBA
Treasurer Jim Chalmers says the Albanese government and the Reserve Bank are aligned in the fight against inflation.
Canberra’s big call on inflation claim
Finance Minister Katy Gallagher has acknowledged public spending was partly fuelling inflation, but is downplaying the federal government’s role.
Industry risks collapse as cost crisis bites
With the rising cost of living stretching budgets further than ever, cost-conscious Aussies are cutting back. It’s left one key industry in a battle to survive.
‘Premature’: RBA chief’s grim rates call
In a fresh blow to Aussie homeowners, the Reserve Bank Governor has declared rate cuts are still too far away to think about.
‘No doubt’: Explosive CFMEU claims
Shocking claims about the controversial CFMEU have been made at a hearing into Australia’s cost-of-living crisis.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/22