A leading analyst has revealed the impact a feared interest rate rise would have on Australia’s property markets, declaring “some cracks are already showing”. The monthly measure of inflation for the year to May, released last week, hit four per cent, which was above expectations and marked the highest rateContinue Reading
Almost 14.4 million Australians are expected to be in work by mid-year, more than 105,000 than previously forecast, as the nation’s red-hot jobs market continues to defy a broader economic slowdown. But economists have warned that the firmer-than-expected jobs numbers means Treasurer Jim Chalmers should redouble his focus on reducingContinue Reading
Interest rates risk going higher still, economists have warned, as stubborn inflationary pressures, rebounding economic growth, and continued tightness in the jobs market could force the Reserve Bank to inflict further pain on household borrowers. While the majority of economists still expect the RBA’s next move will be a cut,Continue Reading
A pivot from the Reserve Bank to scrap an explicit warning about further interest rate rises has the peak union body calling for the cash rate to be cut now. The central bank kept the cash rate on hold for a third straight meeting on Tuesday at 4.35 per cent,Continue Reading
The Reserve Bank has spared borrowers fresh pain, but households holding out for rate cuts have had their hopes dashed with relief still expected to be months away. In a statement after the decision was announced at 2.30pm on Tuesday, the RBA said “a further increase in interest rates cannotContinue Reading
Reserve Bank governor Michele Bullock isn’t ready to cut interest rates just yet. But after the central bank’s aggressive campaign to quash demand and cool price pressures, delivering blow after blow to homeowners, the focus of economists and analysts has pivoted to the timing and speed of a rates reprieve.Continue Reading
Sunrise host Natalie Barr has taken aim at the so-called “bracket creep” that’s ensnared hundreds of thousands more workers over recent years, as the prime minister faces mounting pressure to abandon planned reforms. Stage three tax cuts are due to take effect from July 1, abolishing the 37 per centContinue Reading
The scheduled stage three tax cuts could stop the Reserve Bank from cutting interest earlier, economists have cautioned, amid warnings the controversial changes will pump billions of dollars of additional spending into the economy, inflaming price pressures. The tax changes, which were legislated by the Morrison government in 2019 andContinue Reading
Dire economic data out of the US has renewed fears that a recession is now almost unavoidable in the near future. In recent days, data has revealed the Nasdaq 100 stock market index is underperforming at the same time as the jobs market weakened and Treasury 10-year yields dropped toContinue Reading
While Aussie homeowners were delivered a welcome reprieve as the Reserve Bank paused its aggressive rate hiking cycle this month, one major bank boss has delivered a grim warning about what’s to come. The RBA revealed on Tuesday it was holding interest rates at 3.6 per cent but National AustraliaContinue Reading