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EconomyCommentsPremiumDiversity plans hit the rocks

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.

Matt Mckenzie

EconomyPremium‘Make our bank accounts great again’: Rinehart

Mining magnate Gina Rinehart has taken aim at Liberal Party moderates, declaring Australia should follow the United States and Argentina by slashing government.

EconomyCommentsWhy major bank believes RBA is waiting too long to cut rates

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.

Matt Mckenzie

EconomyElection cash splash would slow rate cuts

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.

Matt Mckenzie

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EconomyCommentsPremium
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Why WA’s economy is growing slower than other states

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.

Matt Mckenzie

RBACommentsWhy RBA says Aussies won’t feel China’s stimulus like before

Huge stimulus launched by the Chinese Government may only have a “modest” impact on Aussies this time around, the Reserve Bank says.

Matt Mckenzie

EconomyCommentsRBA keeping a close eye on borrower pain

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.

Matt Mckenzie

EconomyEconomists look to RBA minutes for clue on future rates

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

Personal FinanceCommentsAustralian wellbeing lifts as financial stress starts easing

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

EconomyCommentsPremiumWA jobless rate records nation’s biggest jump

It comes as the national unemployment rate stayed steady for the third-straight month, according to fresh data from the Australian Bureau of Statistics.

Matt Mckenzie

EconomicsGeopolitical tension fears rattle business community

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

EconomyCommentsSteady jobless rate gives RBA ‘little reason’ to start cuts

It’s not great news for borrowers.

Matt Mckenzie

EconomyWage growth slows despite jobs boom

The pace of Australia’s wage growth has slowed to 3.5 per cent for the year to September, despite a booming jobs market.

Matt Mckenzie

EconomyCommentsAustralians no longer fear rate rises but Trump sours mood

Australian consumer sentiment has reached its highest level since the Reserve Bank started its aggressive interest rate hike cycle. But the re-election of Donald Trump in the US has caused some uneasiness.

Cheyanne Enciso

EconomicsChina unveils $A2.1t debt package, no direct stimulus

China has announced a five-year package totalling $A2.10 trillion to tackle local government debt problems.

Kevin Yao and Ellen Zhang

EconomicsPremiumChina's exports soar past forecast, up 12.7 per cent

China reported its exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years.

Joe Cash

RBACommentsWhy two banks don’t expect rate relief until at least May

A major investment house has punted back their prediction for when the Reserve Bank will lower interest rates, as some economists warn there’s a chance a cut may not come at all.

Matt Mckenzie

EconomyBullock’s message on why Aussies will keep jobs

Michele Bullock says Australians won’t be “tossed out of their jobs” as her Reserve Bank keeps a close eye on the strong labour market before making any move on interest rates.

Matt Mckenzie

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RBAComments
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Inflation fight not over as RBA leaves rates on hold

The Reserve Bank has kept the country’s official interest rate on hold at 4.35 per cent and warned it will be “some time yet” before inflation is under control.

Matt Mckenzie

EconomyCommentsAustralia’s real interest rate among the lowest in G20 club

Think interest rates are high? New numbers show the pressure in Australia is less severe than many other big economies.

Matt Mckenzie

EconomyCommentsRetail sales miss forecast but up 2.3pc for the year

Australians were dining out and buying more hardware in September but retail sales grew less than expected.

Matt Mckenzie

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Inflation drops to lowest level in three years

Jim Chalmers says Australia is on track for a soft landing after inflation dropped to its lowest level since 2021 — but the numbers are unlikely to sway the RBA to cut interest rates.

Matt Mckenzie & Ellen Ransley

EconomyCommentsChalmers tells leaders war will add fuel to inflation fire

Treasurer Jim Chalmers has warned world leaders an escalation of conflict in the Middle East could derail the economic recovery and make inflation worse. 

Matt Mckenzie

EconomyFresh report puts pressure on Chalmers to rein in spending

A report from the IMF will add pressure on Treasurer Jim Chalmers to rein in spending to help the inflation fight, revealing budget surpluses have been propped up by rocketing tax revenue.

Matt Mckenzie