Dire warning of several rate hikes this year
The worst fears of household borrowers could soon be realised as the Reserve Bank grapples with stubbornly persistent price pressures.
Economy
’Huge pressure’: Cost of living soars again
With recent data showing prices continue to soar, economists are split on the next move for interest rates but it isn’t looking good.
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
‘Stunning reversal’ needed to stop rate hike
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
More Stories
Push against ‘Elon Musk’ rocket launch site
Tension is building over plans for a new “Elon Musk-style” rocket launch site in Australia, with the Greens moving to block the $20m complex.
Collapse shows Aussie households hurting
Household spending growth has collapsed in the last 12 months as persistent price pressures and an aggressive round of rate rises forces families to tighten their belts.
‘Believe it’: Shocking price of insurance
The residents of a flood-ravaged region are facing unimaginable price hikes in the wake of devastating weather events.
Big bank’s surprise move for homeowners
One of Australia’s biggest banks has announced a shock move for its interest rates.
Big new ban in online gambling
A dramatic change in how punters can bet online is coming as research shows Australians lose about $25bn on legal forms of gambling each year.
Date set to hear gas workers dispute
The Fair Work Commission noted the dispute between Chevron and unions has a potentially devastating effect on global energy markets, which was a key reason to expedite the next hearing.
Market responds to iron ore price leap
Australia’s share market has managed to scrape through the day with a small win thanks in part to a price boom for one of the country’s greatest exports.
Hanson erupts over push for new tax
One Nation leader Pauline Hanson has come out swinging against incoming Productivity Commission boss Danielle Wood over an inheritance tax.
Where house prices are climbing $3k a week
The combined value of Australia’s housing stock has soared, with the average house price in one state rising by a whopping $3200 every week.
Chalmers’ $3700 claim on Aussie wages
Australians are earning more this year than they would have if the Coalition were still in government, Treasurer Jim Chalmers has claimed.
Original URL: https://www.thechronicle.com.au/business/economy/page/194