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Showing 331 - 340 of 9313 results for "economics"

RBA lays down the law on interest rates

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
Reserve Bank of Australia (RBA) governor Michele Bullock has doubled down on keeping interest rates on hold for the remainder of this year, despite market expectations for a cut before Christmas. Speaking at the Anika Foundation Fundraising Lunch, Bullock ...

Traditional economic indicators have 'tanked': Economist

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
Speaking at Activam Group's act Conference today, AMP deputy chief economist Diana Mousina said economists can no longer rely on traditional economic indicators to make accurate predictions. Mousina noted that many economists have been predicting a ...

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... said. "We still look for the first rate cut in November as headline CPI could ease to around 3% in Q3." Deloitte Access Economics partner Stephen Smith said the soft growth was evidence the economy is "still on life support". "While the pace of economic ...

More to do in the fight against inflation: Chalmers

ELIZA BAVIN  |  TUESDAY, 3 SEP 2024
The government is rolling out a host of measures to provide cost-of-living relief to Australians. As previously flagged in the Budget, from this month the government will provide more help for renters, pensioners and reduce the cost of medicines for ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
Speaking in a personal capacity at the Senate Economics Committee, Michelle Levy said it is too much to expect superannuation trustees to fix Australia's housing problem. Levy said she is sympathetic to the housing crisis, noting that she agrees owning ...

Inflation eases in July

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The monthly Consumer Price Index (CPI) indicator rose 3.5% in the 12 months to July, down from 3.8% in June, according to the latest data from the Australian Bureau of Statistics (ABS). The most significant contributors to the annual rise were housing ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... introduced forward guidance since the August board meeting, and Commonwealth Bank of Australia (CBA) head of Australian economics Gareth Aird says this guidance is "at odds" with the central bank's communication strategy. "The RBA's recent use of forward ...

Short-termism damaging Australian economy: CEDA

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
Australia must move beyond pervasive short-termism and lift its policy ambitions if the nation is to reach its economic potential, according to the Committee for Economic Development of Australia (CEDA). "Our record of almost three decades of economic ...

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
US Federal Reserve chair Jerome Powell has declared that inflation is on a sustainable path back to the 2% target and the "time has come" to start cutting interest rates. Powell spoke to global central bankers, policymakers, economists, and academics ...

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
Zenith Investment Partners head of asset allocation Damien Hennessy said the looming risk of a recession in the United States has spurred some investment changes. Hennessey said the weaker-than-expected July jobs report in the US raised concerns of ...