‘Worse without:’ Bullock’s bold jobs call
The RBA governor surprisingly came out in support of Australia’s big spending budget saying the economy “would be worse without it”.
The RBA governor surprisingly came out in support of Australia’s big spending budget saying the economy “would be worse without it”.
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Mortgage holders’ hopes of a February rate cut are fading as big four bank analysts begin to alter their predictions.
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Analysts have largely agreed on how Thursday’s job data release will affect the Reserve Bank’s cash rate decision in two weeks time.
Banks are expecting more mortgage holders to go into arrears as households struggle with elevated interest rates and inflation.
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
The latest numbers on new home starts are out and it isn’t good news for battlers struggling to live the Australian dream.
Some dark economic data out of China triggered a sell-off in heavyweight mining stocks on Tuesday, pulling the Aussie market down from record highs.
Aussies shares continued to rally higher on Monday, crossing the 8000 threshold for the first time in history on speculation of imminent rate cuts in the US.
Treasurer Jim Chalmers says he is expecting Australia’s surplus to grow beyond the $9.3bn forecast in the budget, with the exact figures set to drop in September.
Treasurer Jim Chalmers says he is expecting Australia’s surplus to grow beyond the $9.3bn forecast in the budget, with the exact figures set to drop in September.
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
The benchmark ASX200 has flown close to record highs on Thursday following a huge night of trading on Wall St.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/29