economy-tag-1
Headline inflation jumps back to four per cent
1 October
Australia’s annual headline inflation rate has climbed to four per cent as higher oil prices continue to filter through the economy.The consumer price index rose 0.4 per cent in August, the Australian Bureau of Statistics reported on Wednesday, a...[Read More]
Albanese to advocate AI slowdown calls to Trump at UN
24 September
Anthony Albanese will make the case to Donald Trump for more guardrails to be placed on AI, ahead of a potential meeting with the US president on the sidelines of the United Nations.The prime minister will be in New York for the UN General Assembly,...[Read More]
Soft landing botched: IMF backs more rate rises
23 September
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform.With a break-out in price growth hitting Australians’ living standards, returning inflation to...[Read More]
Iran and iPhones add to Reserve Bank’s inflation pickle
17 September
The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says. With rising inflation pressures from the Middle East and more broadly around...[Read More]
Australians are ‘furious’ about inflation: RBA deputy
10 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says. Ahead of the central bank’s meeting later this month on interest...[Read More]
Reserve Bank’s grim rates warning as oil prices spike
10 September
The Reserve Bank might have to raise interest rates if inflation is higher than expected as oil prices surge back towards $US100 a barrel. More attacks on oil tankers in the Strait of Hormuz drove Brent crude above $US97 a barrel, which will seep...[Read More]