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| | | The Reserve Bank of Australia contemplated raising interest rates by 50 basis points when it met earlier this month but ultimately determined the case for a 0.25% increase was stronger. In the February 7 meeting minutes released this morning, the RBA ... |
| | | | Australia's unemployment rate has risen to 3.7%, according to the Australian Bureau of Statistics (ABS). The ABS reported a decline in employment for the second consecutive month, following a period of robust jobs growth throughout 2022. Employment ... |
| | | | Fronting another parliamentary hearing today, Reserve Bank of Australia (RBA) governor Philip Lowe acknowledged the central bank incorrectly predicted rates wouldn't rise until 2024, admitting he's embarrassed. Lowe explained that the pandemic ... |
| | | | ... commissioners investigated under the Public Governance Performance and Accountability (PGPA) Act. Fronting the Senate Economics Legislation Committee, Longo spoke of the importance of transparency and accountability. "I welcome accountability, it's ... |
| | | | Appearing at a Senate hearing today, Reserve Bank of Australia (RBA) governor Philip Lowe said people have forgotten how corrosive inflation is. The governor explained the RBA has one priority and that is to bring inflation down. "Inflation at the moment ... |
| | | | Australia will remain resilient amid raging headwinds posed by inflation and interest rates, to the extent that it will meet its growth forecast and avoid a recession, according to an investment expert. La Trobe Financial chief investment officer Chris ... |
| | | | The Reserve Bank of Australia (RBA) has forecast that headline CPI (7.8%) is expected to be the peak in this economic cycle. In a monetary policy statement, the RBA said CPI is still high, affecting a range of goods and services. Global factors such ... |
| | | | The Reserve Bank of Australia (RBA) has hiked interest rates to 3.35%, signalling that there are more rate rises ahead. Despite moderating global inflation, high CPI inflation in Australia (7.8%), driven by both domestic demand and global factors, remains ... |
| | | | ... complacency that could result in too rapid an easing of financial conditions, Peter said. Contrary to most economists, Market Economics managing director Stephen Koukoulas expects the RBA to hold rates steady. "Slow growth, an uptick in the unemployment ... |
| | | | Battling inflation will be the main economic focus for the government this year. Treasurer Jim Chalmers outlined the government's "major priorities" during his address at the Chifley Research Centre Conference on Sunday and said its going to be a big ... |
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