Phil Lowe has made one final plea to Australia’s major economic decision-makers as he finishes his term at the Reserve Bank. In a world obsessed with inflation, the Reserve Bank (RBA) governor used his time at his final G20 meeting in India to beg for more to be done toContinue Reading
Labor should not replace Philip Lowe with anyone closely linked to the government and risk the “sacrosanctity” of the position, Opposition Leader Peter Dutton has warned. The Reserve Bank governor’s term is up in September, and while it could be extended for another three years, it’s widely expected that TreasurerContinue Reading
Federal Treasurer Jim Chalmers is heading overseas on Sunday to represent Australia at the G20 Finance Ministers and Central Bank Governors meetings in Gandhinagar, India. “As nations continue to grapple with the challenges of high inflation and slowing global growth, now is an important time to convene with my colleagues,”Continue Reading
The Reserve Bank will cut the amount of times it meets in a year to set interest rates but make the meetings longer, as the central bank begins the process of implementing recommendations of a wide-ranging review. From 2024, the board will meet eight times a year, rather than 11,Continue Reading
Relief for rising power bills will be a key feature of the upcoming budget but the Treasurer has downplayed expectations further handouts are on the table for struggling Australians. Announced as part of a deal between the states and Commonwealth last December, the rebadged $1.5bn package will be the “centrepiece”Continue Reading