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Showing 331 - 340 of 2871 results for "The Economy"

Banks flag imminent consecutive double rate rises

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
... Rundell said. "There is possibility for more hikes given the board seems comfortable with the strength and resilience of the economy to stand on its own two feet without the still extraordinary monetary support in the system." HSBC Global Research affirmed ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... extraordinary monetary support that was put in place to help the Australian economy during the pandemic. The resilience of the economy and the higher inflation mean that this extraordinary support is no longer needed. "Given the current inflation pressures ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... levels of insurance than several comparable OECD economies. From a fiscal perspective, this has an adverse effect on the economy as insurance through super reduces the social security costs of supporting underinsured individuals. Partner at Deloitte ...

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... numbers were affected by floods and the Omicron strain. But the bank affirmed that growth remained robust and expected the economy to grow 4.1% year on year in 2022. In a statement, Barclays said that it had a much weaker outlook for China that was likely ...

US Fed indicates several more half-percentage rate rises

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... delicate of central bank high-wire acts: charting a path between getting inflation back toward target without tipping the economy into recession." "Of course, a fortuitous mix of productivity gains, unblocked supply chains, increasing labour force participation ...

RBA outlines next phase of bond purchase program

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... inflation rose close to the centre of the 2-3% range for the first time in years. At the most recent May board meeting, the economy looked even stronger than had been forecast in the months prior; unemployment declined to extremely low levels and inflation ...

Super Guarantee increases now ironclad

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
... cornerstone of the Australian retirement system and has the power to lift living standards while having a positive impact on the economy. An ISA statement said that Australians would strongly support the increases. The industry body also praised the ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... comes earlier than the guidance the Bank was providing during the dark days of the pandemic." Though Lowe added: "The economy has been much more resilient than was expected." "The combination of fiscal and monetary support has worked and the development ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... begin winding back the support put in place during the pandemic. It's the first rate rise since November 2010. "The economy has proven to be resilient and inflation has picked up more quickly, and to a higher level, than was expected," Lowe said. ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... years. HSBC noted that either of these two moves would mean the next few weeks of local media reports and commentary on the economy would be dominated by interest rate news. As such, the other option the RBA has at its disposal is to keep the cash rate ...