Today
Private sector pay growth hits lowest rate in 2.5 years
Wages growth moderated for a third consecutive quarter in June, as the ongoing slowdown in the jobs market forces private sector workers to rein in their pay demands.
- 18 mins ago
- Michael Read
Yesterday
- Opinion
- Chanticleer
Why the RBA’s rates warning won’t mean much to investors
Andrew Hauser says it’s a risk to listen to “false prophets” on interest rates. But those in the market have little choice but to take a position as a crucial turning point looms.
- James Thomson
RBA should accept its role in inflation rise
Readers’ letters on inflation woes; PwC’s tax scandal; solutions for nuclear waste; caps on foreign students; revoking Alan Joyce’s bonuses.
Stop telling us what to do with interest rates: RBA deputy
Economists and politicians have accused the Reserve Bank of hypocrisy after deputy governor Andrew Hauser labelled economic commentators overconfident “false prophets”.
- Updated
- Michael Read
This Month
- Opinion
- Interest rates
Reserve Bank has finally taken the inflation crisis seriously
The consumer price index reading gave the RBA an out. Instead, governor Michele Bullock’s tough talk dumped cold water on a rate cut any time soon.
- Steven Hamilton
- Opinion
- Australian economy
RBA returns serve on inflation
The RBA’s take down of government spending is reverberating loudly in Canberra and can only undermine Labor’s key argument that its fiscal policy complements monetary policy.
- Jennifer Hewett
Rising costs hit Mirvac margins, new homes
Property developer Mirvac blamed the steep rise in labour and material costs for halving its profit margins on some residential projects, triggering a 13 per cent fall in operating earnings this year.
- Michael Read and Nick Lenaghan
Labor working ‘arm-in-arm’ with RBA on inflation, Albanese insists
The prime minister has pushed back on claims that federal government spending is making it harder for the Reserve Bank to tame inflation.
- Tom McIlroy
- Updated
- Interest rates
Chalmers’ rebates not helping inflation, RBA warns
Federal and state government energy bill subsidies will not help get inflation under control, and big-spending public sector budgets are making it worse, the bank says.
- Updated
- Michael Read
Why the market doesn’t believe the RBA on rates
Despite the surprisingly strong hawkish rhetoric from the Reserve Bank this week, bond traders (and some economists) aren’t buying it.
- Updated
- Cecile Lefort and Sarah Jones
Chalmers disputes RBA; Rex sale looms; Why Harris chose Walz
Read everything that’s happened in the news so far today.
- Opinion
- Opinion
RBA warns rate cuts are a no-go this year
Why interest rates won’t come down this year after all. They might even go up.
- Jennifer Hewett
Traders don’t believe the RBA’s warning on rates
Bond markets are still wagering that the Reserve Bank will cut interest rates this year even as the central bank said it considered a rise on Tuesday.
- Cecile Lefort
- Opinion
- Interest rates
Bullock talks tough, but board can’t stomach raising rates
The RBA has squibbed again this month. With long-run credibility on the line, it needs to focus on getting inflation inside the target band.
- Richard Holden
- Opinion
- Interest rates
Rise in interest rates only narrowly avoided
A rate increase was closer than many had assumed at the RBA meeting, and a more hawkish-sounding Bullock said it “was a very serious consideration”.
- Updated
- John Kehoe
Inflation to linger until 2026, RBA warns
A surge in state and federal government spending means inflation won’t return to the RBA’s target band until December 2026, later than previously forecast.
- Michael Read
- Opinion
- Interest rates
RBA at odds with the market and the world
A panicked market is convinced the central bank faced a simple choice to prepare for interest rate cuts. Its staffers clearly don’t see it that way as the bank laid out the case for increases.
- Jonathan Shapiro
- Updated
- Interest rates
No rate cuts before Christmas, says RBA governor
Michele Bullock has declared “near-term interest rate cuts are not on the agenda”, warning the economy remained too hot and ruling out decreasing the cash rate before Christmas.
- Michael Read
- Opinion
- Chanticleer
Battered investors get a breather, but where to next?
After a torrid night on Wall Street, it’s calmer on the ASX and positively giddy in Tokyo, giving investors a chance to consider their next move.
- James Thomson
- Opinion
- Chanticleer
Five things investors need to watch next
Spotting the next shoe to drop in markets is never easy. But there are a few spots investors can look for signs of stress.
- James Thomson
