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Economics

RBA minutes confirm potential August rate hike

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
The RBA board discussed the case to hike and hold the cash rate in June.

Australian wealth rises to $16.2tn

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
New data from the Australian Bureau of Statistics revealed Australians are stockpiling their wealth.

Inflation spikes again sparking rate rise fears

ELIZA BAVIN  |  WEDNESDAY, 26 JUN 2024
The Australian Bureau of Statistics has released the CPI indicator for May, showing an annual increase in inflation.

New Zealand exits recession

KARREN VERGARA  |  MONDAY, 24 JUN 2024
New Zealand reported 0.2% GDP growth in the March quarter following two consecutive quarters of decline, putting to bed its technical recession for the meantime.

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.