The RBA was slow to cut interest rates pre-COVID, and it may have cost 270,000 jobs
Research found that between 2016 and 2019 the RBA dramatically under-performed in achieving its two key goals of full employment and price stability.
Inflation to peak at 7% by year end before easing: RBA Governor Philip Lowe
The governor of the Reserve Bank of Australia (RBA) has predicted headline inflation is likely to hit highs of 7% and peak by the end of the year.
Interest rate rises: What’s happening, and what could be next?
If you want to know what the Reserve Bank will be watching to work out how fast to slam on the economic brakes, here's a helpful guide.
“Canary down the inflationary coalmine”: Government support needed to shield construction, industry group says
Canberra should use all the tools at its disposal to shield the construction sector from inflationary pain, Master Builders Australia says.
Why the RBA won’t continue to raise rates at the level the market expects
The RBA, in a nod to homeowners concerned about continual rate hikes, said it expected inflation to climb just a bit more before declining back towards its target next year.
RBA hikes cash rate by 50 basis points, Chalmers flags “cost of living package” in October budget
The Reserve Bank of Australia has increased the cash rate by 50 basis points, bringing it up to 85 basis points or 0.85%.
RBA tipped to increase cash rate tomorrow by 0.25%
While some market economists are forecasting a 40 basis point increase, most are expecting a 0.25% increase to the cash rate from the Reserve Bank tomorrow.
High coal and gas costs have Australians paying the price for decarbonising too slowly
Energy exporters are enjoying windfall profits, while households are getting belted by surging energy prices and stagnant wages. Our options are limited — but there are some available.
Chalmers says falling wages, inflation and interest rates the key concerns for Treasury
Jim Chalmers has spent three days with Treasury secretary Dr Steven Kennedy poring over the so-called ‘red book’ brief to discuss the economic lay of the land.
Small business wages are outpacing national average as SMEs face rising cost pressures, report says
Wages paid by Australian small businesses grew 4.1% in April 2022 compared to April 2021, accounting software provider Xero says.
Saul Eslake: If Labor wants to actually create a lasting difference, here’s how it should manage the economy
Labor has inherited an economy with a full head of steam, but one that is also is experiencing a sharp acceleration in inflation.
Real wages are shrinking. Here’s the proof
The Wage Price Index is now showing the worst performance ever compared with the Consumer Price Index, providing concrete evidence that the buying power of wages is shrinking.
