‘Backwards’: Fight over slow economy heats up
The Finance Minister has dismissed the opposition’s attack on the government’s handling of the economy after fresh GDP showed anaemic growth.
The Finance Minister has dismissed the opposition’s attack on the government’s handling of the economy after fresh GDP showed anaemic growth.
The Australian economy is expected to show anaemic growth when GDP figures are released on Wednesday, in line with Treasurer Jim Chalmers’ warning.
Treasurer Jim Chalmers dismissed claims he was snubbing the RBA after he said cash rate hikes were “smashing the economy”.
Retailers are worried they face a tough Christmas trading period, as Australians continue to resist spending up during a cost-of-living crisis.
Interest rates cuts are vital for Aussie mortgage holders but there is a chance that the forecast date for the cash rate cut could change.
After plunging in December, retail sales disappointed in January, falling well short of economists’ expectations.
In a bid to bolster their pay packets, Aussie workers are doing one thing, fresh analysis has revealed.
The embattled Immigration Minister was peppered with questions after a detainee was arrested before police then dropped the charges.
The ASX surged to a near record high on Thursday after soft inflation and retail data suggested an end to the RBA’s rate hiking cycle.
Despite fresh inflation data showing consumer prices held steady in January, the share market edged lower on Wednesday.
Households, eagerly awaiting rate cuts, received some good news when the inflation rate was unchanged in January.
Households, eagerly awaiting rate cuts, received some good news when the inflation rate was unchanged in January.
The government has got its stage 3 tax cuts through the Senate, meaning they will be in people’s pockets from July 1.
One of Australia’s most controversial leaders will give his final words to Parliament.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/49