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| | | Treasurer Jim Chalmers is instituting the first major review of the setting of monetary policy and the Reserve Bank of Australia (RBA) since the 1990s. In the context of Australia facing a complex combination of difficult economic conditions, Chalmers ... |
| | | | Labour costs have played an insignificant role in the recent increase in inflation, according to an Australia Institute analysis. While a plethora of market commentary has expressed concern that aggressive wage growth will elevate inflation levels ... |
| | | | The unemployment rate has fallen to 3.5%, the lowest level since 1974, and near-record inflation hasn't subsided, leading experts to believe that aggressive rate hikes will continue. Australian Bureau of Statistics (ABS) data showed the number of ... |
| | | | The US Bureau of Labor Statistics has reported that inflation has surged 9.1% over the last year, shooting up a torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't ... |
| | | | Sri Lanka's debt-laden economy has collapsed, and its newly elected prime minister has announced bankruptcy as the island nation suffers its worst financial crisis in decades. Due to the crisis, the country has seen severe shortages of necessities like ... |
| | | | The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ... |
| | | | Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks. Speaking at the European Central Bank Forum in Portugal, Powell said: "Our aim is ... |
| | | | ... formidable intellect and insight to the governance and oversight of our company," he said. "Few can match his knowledge of economics and public policy, or his commitment to broader social and environmental issues. On behalf of all our stakeholders, I ... |
| | | | Australia has ranked third in the world for the highest proportion of female billionaires, according to Forbes' 36th annual billionaire list. The top spot was jointly held by Barbados and Portugal with one billionaire each (in both cases, a female). ... |
| | | | The latest ABS figures show that the total number of underemployed workers has fallen, as has the weekly hours not worked by underemployed people. Of the 13.6 million employed people in May 2022, 1.5 million were underemployed. Of these underemployed ... |
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