RBA’s grim warning on rates, inflation
The Reserve Bank is sticking to its guns not to cut the official cash rate while inflation remains too high, despite growing pressure to do so.
The Reserve Bank is sticking to its guns not to cut the official cash rate while inflation remains too high, despite growing pressure to do so.
The Reserve Bank is sticking to its guns not to cut the official cash rate while inflation remains too high, despite growing pressure to do so.
Australia’s largest airport has announced a massive shake-up to its kerbside pick-up options.
Holding rates at 4.35 per cent, RBA governor Michele Bullock has said what needs to be done for interest rates to come down, hinting it won’t be any time soon.
The sharemarket dipped lower on Tuesday as the RBA delivered some hawkish rhetoric on interest rates, even as the miners boomed on fresh Chinese support.
The Reserve Bank’s call to keep rates on hold has been barely affected by the recent decision in the US, but there are indicators of when they’ll be dropped, writes John Rolfe.
Despite more EVs and people working from home, Australian fuel prices increased at double the rate of inflation in the 12 months to June.
28-year-old Aussie breaks down her weekly spend
A high-profile Aussie businessman has backed a state premier, saying he is working hard to reduce every business’s worst “nightmare”.
Aussies love supporting homegrown products, but one mum warns that the widely recognised “Australian Made” logo is not what it seems.
Prime Minister Anthony Albanese says supermarket customers “don’t deserve to be treated as fools” as Woolies and Coles are called out.
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
Finance Minister Katy Gallagher has issued a scathing takedown of the Greens after they demanded unprecedented action against the Reserve Bank.
With Australia’s housing crisis ever-worsening, one group has revealed the 130,000-strong gap stopping it from being solved.
With Australia’s housing crisis ever-worsening, one group has revealed the 130,000-strong gap stopping it from being solved.
Ahead of the final budget outcome later this month, the Treasurer confirmed Australia has improved its debt position, saving taxpayers on interest fees.
More and more Australians are taking on multiple jobs to keep their heads above the water, but the issue runs deeper than just cost of living.
The Treasurer has made a huge call on Australia’s inflation rate, ahead of a new report coming out on Wednesday, one day after the next RBA board meeting.
An economist has issued a dire prediction about the “really dangerous” interest rates in Australia on the eve of the Reserve Bank’s rates decision.
Leading Australian economists say the RBA will deliver a gift to cash-strapped households in February, but one key player is holding firm on a rate cut this year.
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
China is in the middle of a full-blown financial crisis of its own making – and there will be dire consequences for Australia as a result.
While August’s labour force data revealed Australia’s unemployment rate remained steady, it dashed hopes of a RBA rate cut on Tuesday.
Women who give birth to or adopt babies after July 1 next year will be eligible for an increased cash boost aimed at lowering the “motherhood tax”.
Treasurer Jim Chalmers dismissed claims he was snubbing the RBA after he said cash rate hikes were “smashing the economy”.
Jim Chalmers has issued a warning to millions of Australians about the “soft and subdued” economy, saying rate rises were “smashing the economy”.
Amid Prime Minister Anthony Albanese’s WA visit, Labor claims Opposition Leader Peter Dutton would scuttle a deal costing the state billions.
Amid Prime Minister Anthony Albanese’s WA visit, Labor claims Opposition Leader Peter Dutton would scuttle a deal costing the state billions.
Shareholders in Coles and Woolworths are licking their lips, but the public is still stretching every dollar further at the checkout.
The Aussie share market finished the week, and the reporting month of August, in the green as it marked the third straight week of gains.
Despite concerns about scams and criminal behaviour, Australia is seeing the fastest expansion of crypto ATMs in the world.
Retailers are worried they face a tough Christmas trading period, as Australians continue to resist spending up during a cost-of-living crisis.
The government is facing calls to deport international students associated with so-called “ghost colleges” after a crackdown on hundreds of dodgy operators.
Trying to make money from delivering letters in 2024 is a tough slog, as Australia Post’s financial results show.
Houses in one major city have been left unfinished as a builder that was serving a suspension is put into liquidation.
The Australian share market fell again on Thursday, after a poor start thanks to Wall St, as several big name companies report results.
Despite the cost-of-living crunch, buyers flocked to Kmart and Bunnings to pick up bargains, leading to a strong profit for parent company Wesfarmers.
The Opposition Leader has weighed into the debate on the development of a new gold mine, calling Tanya Plibersek’s decision a bid to woo Greens voters.
One major bank has made a huge move on its fixed rates for home loan customers after the inflation rate eased slightly.
A 25-year-old woman has been left furious after a simple supermarket stop in where she bought just nine items for a total of more than $60.
Amid a cost of living crisis beleaguered Aussies have been warned to brace for an “economic horror show” up until Christmas.
The Australian Stock Exchange ended Wednesday flat after some of the country’s biggest companies reported some less than stellar results.
Economists have dampened hopes that new inflation figures could lead to a sooner-than-expected rate cut, unless “something out of left field” happens.
Economists have dampened hopes that new inflation figures could lead to a sooner-than-expected rate cut, unless “something out of left field” happens.
The minor party’s plan to hit big corporations with a tax on excessive profits has been lashed as “economic vandalism” and “cheapskate politics”.
Plenty of Australians still regularly use cash, but it keeps getting harder for those like this man who was amazed to be charged for paying his Telstra bill.
NSW Premier Chris Minns has called out the federal government’s decision to block a gold mine tailing dam in the state.
NSW Premier Chris Minns has called out the federal government’s decision to block a gold mine tailing dam in the state.
Woolworths Group has announced a dire $108m net profit, a 93 per cent drop on last year.
Original URL: https://www.thechronicle.com.au/business/economy/page/2