Sliding exports of coal and iron ore have pushed Australia’s trade surplus to the lowest level since 2018.
Matt Mckenzie
Company profits have sunk nearly 9 per cent, throwing fresh doubt on claims that corporate greed is behind Australia’s inflation surge.
Stacking the Reserve Bank’s new interest rate board with economists who will be soft on inflation would harm the institution’s credibility, AMP’s Shane Oliver has declared.
Australia is set for another year of slow economic growth as falling commodity prices and a looming Trump trade war weigh on the outlook.
ANZ has punted back its prediction for when the RBA will cut interest rates, thanks to the strong jobs market and rising consumer confidence.
Reserve Bank boss Michele Bullock has warned Australia’s booming jobs market still has too much steam to give borrowers relief, casting more doubt on the chances of a pre-election rate cut.
A shake-up of the Reserve Bank looks set to pass the Senate after an eleventh-hour deal between Labor and the Greens that will keep a special power for the treasurer to overrule interest rate calls.
The Reserve Bank has a much larger presence in financial markets after the pandemic, as institutions borrow more from the central lender.
Public infrastructure is increasingly dominating the national construction market, a spending surge likely adding to inflation pressure and worker shortages.
If you’re looking for a new career or a pay rise, now may not be the best time, a bleak new report on the Australian job market reveals.
Cameron Micallef
A full-blooded Trump administration trade war would slow Australian growth and send shares south, the Reserve Bank reckons.
Post-pandemic Western Australia is more reliant on one industry than it has been for decades — even after years of talk and billions of dollars to broaden the economy.
Mining magnate Gina Rinehart has taken aim at Liberal Party moderates, declaring Australia should follow the United States and Argentina by slashing government.
One of the big four banks has warned that the RBA may be waiting too long to cut interest rates, joining a growing club of commentators expecting no move until May.
A fresh survey of economists has revealed most are still tipping an interest rate cut by March — but one investment bank has warned a big spending election would delay relief for many months.
WA’s economy grew at the slowest pace of any State or Territory in the year to June, but there’s still plenty of reasons to be optimistic.
Huge stimulus launched by the Chinese Government may only have a “modest” impact on Aussies this time around, the Reserve Bank says.
A rising number of Aussies are selling homes to cope with financial stress, the Reserve Bank has warned — but most are not doing so at a loss.
Public appearances by Reserve Bank officials will be scoured for clues to where interest rates might be heading next and how they view the economy.
Poppy Johnston
Australians have reported a slight improvement in wellbeing as households become less concerned about their financial situation, according to a fresh bank survey.
Cheyanne Enciso
It comes as the national unemployment rate stayed steady for the third-straight month, according to fresh data from the Australian Bureau of Statistics.
Geopolitical tensions are becoming a key concern of the Australian business community, as President-Elect Donald Trump names a cabinet that is protectionist in outlook and hawkish on foreign affairs.
Neale Prior
It’s not great news for borrowers.
The pace of Australia’s wage growth has slowed to 3.5 per cent for the year to September, despite a booming jobs market.
