Australians are ‘furious’ about inflation: RBA deputy
The Reserve Bank's deputy governor Andrew Hauser says Australians are fed up with higher living costs, and want inflation to be brought under control.
The Reserve Bank's deputy governor Andrew Hauser says Australians are fed up with higher living costs, and want inflation to be brought under control.
The war in the Middle East is threatening to push oil prices back above the crucial $US100 a barrel mark and make inflation even harder to get back to target.
Low productivity means Australia's economy is growing above its "speed limit", amplifying concerns the Reserve Bank will hike interest rates again.
GDP figures will headline the week in economic data, while central banks in Canada and New Zealand will meet to set interest rates.
Three out of the four big banks are tipping the Reserve Bank to raise interest rates by November, with one forecasting a hike in a matter of weeks.
Inflation is forecast to have eased during July due to lower electricity prices, but rising fuel costs could reignite price growth down the track.
Insatiable demand for computing power has pushed up prices for technology products, driving up imported inflation to Australia, a Reserve Bank official says.
Unemployment and wage figures are the pick of the week's economic data, while traders will tune in to a "fireside chat" with the Reserve Bank deputy governor.
A collapse in property investor lending since the federal budget is good for the economy in the long term, the boss of the nation's biggest bank says.
A larger-than expected rise in employment will not ease Reserve Bank fears about inflation as rising oil prices compound cost pressures.
Resilient jobs data is a bright spot for Australia's economy but the longer the Middle East conflict drags on, the worse the prospect for growth and inflation.
The time to build a new home in Australia has fallen by 10 per cent in two years but the country is still falling behind the pace on its 1.2 million target.
Property market data will soon be released after the Reserve Bank unveils a readout from its latest interest rate-setting board meeting.
The Australian Bureau of Statistics will this week release inflation and employment figures for May and a senior Reserve Bank official will speak.
Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.
Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards.
Borrowers can finally expect relief from quickfire interest rate rises with the Reserve Bank poised to maintain the status quo for the first time in 2026.
The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels.
Reserve Bank governor Michele Bullock will get a chance to react to Wednesday's economic growth figures when she fronts a parliamentary hearing in Canberra.
The share of property investors older than 60 has more than doubled since the capital gains discount was introduced, Reserve Bank of Australia research shows.
A short-lived reduction in the fuel excise has provided some momentary price relief but inflation will only worsen without a resolution to supply blockages.
The lone Reserve Bank board member who voted against lifting the cash rate in May was less concerned about inflation expectations than the bank's economists.
The Senate has confirmed Kevin Warsh as chairman of the Federal Reserve.
The government will do well to resist spending a "tantalising" budget windfall, as boosting demand while supply is constrained could result in more rate hikes.
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With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.
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Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.
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Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.
The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.
Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.
The labour market will be top of the economic agenda in the coming week, while speaking engagements from central bank officials will be closely studied.
Analysts and governments will pore over latest economic data this week for more insight into the devastating impact of soaring fuel prices on the nation.