Inflation news none of us saw coming
Inflation has hit 3.8 per cent for the June quarter, but some economists say that figure has given the Reserve Bank room to keep rates on hold.
Inflation has hit 3.8 per cent for the June quarter, but some economists say that figure has given the Reserve Bank room to keep rates on hold.
Inflation has hit 3.8 per cent for the June quarter, but some economists say that figure has given the Reserve Bank room to keep rates on hold.
Economists are divided on what happens next with interest rates with some saying they need to go as high as 5 per cent.
The June quarter inflation data will be released on Wednesday morning, giving pundits a clearer idea of whether the RBA will seek to hike rates next week.
Australian shares continued to advance on Thursday as a rally in the materials sector pushed the benchmark to close just 14.6 points below its record high.
In its first trading session after Christmas, the share market rallied on Wednesday as iron ore miners tracked gains in commodity futures.
The brutal reason behind 2,300 tradie companies going bust has been laid bare.
Australians haven’t let the cost-of-living pressures stop them from flocking to the shops to spend up on seafood.
Shoppers are anticipated to indulge in an eye-watering spending spree this Boxing Day, but one retail category will still feel the pinch.
Despite gains in energy and real estate stocks helping to offset a drag in consumer staples, the sharemarket finished flat on Friday.
The CommBank chief economist has shared his thoughts on the economy’s fate for 2024, touching on cash and inflation rates, as well as house prices.
Australian shares advanced on Wednesday, as a record breaking session on Wall Street helped propel the local market to just 1.2 per cent below record levels.
The Aussie share market climbed to its highest level since February 10 on Tuesday, as material and energy stocks helped drive the benchmark higher.
Australia’s central bank has warned it may be forced to deliver borrowers a 14th rate hike in the new year, with economists split on the RBA’s next move.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/58