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Economics

RBA issues warning over inflationary spending

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
The Reserve Bank of Australia kept interest rates on hold in June but warned state governments not to go on a spending spree.

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
Australia's competitiveness is at its highest level in 13 years, climbing up the world rankings.

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
The experts have weighed in ahead of the RBA board meeting tomorrow where it will make another decision on interest rates.

What's keeping the Treasurer up at night?

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
Treasurer Jim Chalmers said at the Morgan Stanley Australia Summit in Sydney yesterday that a key goal of the Budget was to fight inflation in a way that doesn't damage an already weak economy.

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
US Reserve chair Jerome Powell pivots and then pivots again, indicating the US central bank could cut interest rates once this year.

Gender gap to close in 134 years: World Economic Forum

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024
The World Economic Forum has released a damning report on the state of gender parity, with Australia not even making the top 10 list for equality.

ECB drops interest rates to 3.75%

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
The European Central Bank (ECB) cut interest rates by 0.25% to 3.75% - the first decrease in five years.

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
Australia is still in the throes of a per capita recession. So, what will the RBA do?

Inflation debate: Older Australians accused of driving crisis

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUN 2024
The Reserve Bank of Australia is accused of using young Australians as "cannon fodder" in fighting inflation after it conceded over-65s are spending more on the back of increased rates, leading to suggestions older Aussies are driving inflation.

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
"Higher-for-longer interest rates" are dictating many adviser-client conversations, according to BT, as they gear up to close the financial year.