No need to race to rate hike on Cup Day
A lot can happen between now and Melbourne Cup Day, but as it stands there’s little reason for another RBA rate hike.
Terry McCrann
Inflation up but no Cup Day rate hike likely
Inflation kicked higher in the September quarter but not to a level which would demand a rate hike by RBA governor Michele Bullock and her board on Melbourne Cup day.
Rates are a worry but bonds are the real concern
A bad CPI could trigger another RBA rate rise but that’s nothing when compared with the effect of rising government bond yields.
ANZ board must apologise for $2.5bn placement fail
The ANZ board should review its understanding of its most basic obligation to shareholders after the bank was found guilty of breaching continuous disclosure rules.
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Why Wall Street got it $3 trillion wrong
Wall Street made a $US2 trillion ($3 trillion) bet on the US inflation numbers. And lost.
Crown and chairman to save Star’s licence
Star needs to do whatever is necessary to keep its NSW and Queensland casino licences. Fortunately, Crown has already shown it how to do that.
Attacks on Joyce are silly and totally unfair
The attacks on Qantas and its CEO Alan Joyce have ranged from the viciously unfair to the just plain embarrassingly silly.
RBA’s Lowe details tricky path on rates
Reserve Bank governor Philip Lowe has laid out very precisely what he and his board plan to do about interest rates.
Why bigger is not going to be better
GDP figures don’t tell the real story of the Australian economy.
Why summit failed big and small time
The Prime Minister’s ‘light-bulb moment in May’ summit was a big and even impressive success and an utter and what should have been an embarrassing failure.
RBA will lead dance on rates but Fed calls tune
Two huge days are coming up for investors this month, with the RBA’s latest decision on rates on Tuesday, followed by the US Federal Reserve a fortnight later.
Can Albo’s fix survive the meltdown?
Even if some successes come out of the jobs summit, we will still need to get through the rush of turmoil heading our way, demonstrated by Thursday’s $47bn market plunge.
Albo’s jobs summit tries to square wages circle
After the PM’s job summit, the government will have to turn all the talk into policy and bureaucratic delivery, which will involve making highly unpalatable choices.
Merger and Putin pay off for Woodside
The Woodside profit result and dividends flowing to shareholders are a dramatic endorsement of the energy giant’s $40bn merger with BHP’s oil and gas business.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/33