Hope for home owners as inflation hits four-year low
Expectations are growing interest rates will be cut again soon as the Reserve Bank's preferred measure of inflation falls to its lowest level in years.
Expectations are growing interest rates will be cut again soon as the Reserve Bank's preferred measure of inflation falls to its lowest level in years.
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unrest, conflicts and war
The consumer watchdog is being urged to make sure motorists aren't ripped off at the bowser after Middle East strikes led to a surge in fuel costs.
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Anthony Albanese has dismissed suggestions he was "flat-footed" after US bombing raids on Iran, as he called for a ceasefire to hold between Iran and Israel.
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Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.
Encouraging productivity-boosting investment, such as infrastructure connecting regions with capital cities, is needed amid a slowdown in capital expenditure.
Headline inflation has held steady but came in hotter than economists expected in the year to April. Whether it's a blip or something else remains to be seen.
Australia's central bank will seek signs of stability as it tries to chart a course to lower interest rates through the murky waters of global uncertainty.
Mortgage-holders are poised to bank an interest rate cut within weeks despite the latest inflation reading coming in slightly higher than expected.
Quarterly numbers are expected to show inflation has drifted into the Reserve Bank's target range to set up a further interest rate cut.
Australia is not following the "bouncing ball" of Donald Trump's daily shifts, the treasurer says, amid predictions of a bigger-than-expected economic hit.
The Reserve Bank of Australia has kept the cash rate unchanged at 4.1 per cent, as global uncertainty clouds the economic outlook.
Another interest rate cut is firmly on the table with analysts expecting the Reserve Bank to seriously consider the move on the back of fresh inflation data.
The Albanese government will look to further ease cost-of-living pressures without adding to inflation when it delivers its fourth budget.
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Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.
The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.
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Fresh inflation figures should help convince the Reserve Bank to cut rates again in May, despite a slight uptick in underlying price growth, economists say.
Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.
A warning has been issued over election polling as tightly clustered results in a close race may not reflect Australians' votes.
Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.
With the stars aligned for a February interest rate cut, borrowers are now concerned with how many cuts the Reserve Bank will hand down.
Markets and economists widely tip a February interest rate cut after underlying inflation came in below expectations for the December quarter.
Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.
The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.
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Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.
Anthony Albanese and Peter Dutton have launched a soft test of their pitches to voters ahead of the federal election after a week of unofficial campaigning.
Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.
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The Reserve Bank's interest rate settings are appropriate but the battle against inflation is not yet won, a check-up of Australia's economic health has found.
The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.
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The Australian economy is growing slowly with government support, with energy rebates effectively transferring household spending to the public purse.
Australia's retail sales enjoyed a boost from an early start to Black Friday discounting and recovering bank balances following tax cuts.
Energy rebates have lowered Australia's headline inflation rate, but the Reserve Bank remains focused on underlying price pressures.