Greens housing crusade fails to sway most tenant voters
Renters are more likely to support Labor or Liberal than the Greens despite the minor party running hard on issues faced by tenants, fresh polling shows.
Renters are more likely to support Labor or Liberal than the Greens despite the minor party running hard on issues faced by tenants, fresh polling shows.
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.
Easing inflation is increasing the likelihood of a near-term rate cut, which would provide a welcome boost to consumer sentiment in 2025.
A decline in spending on household goods has bolstered hopes of an RBA rate cut, which would help boost dour consumer sentiment.
Unexpected jobs figures have diminished hopes of an interest rate cut in February but favourable inflation data could put lower mortgage costs back on the menu.
The Ghost of Christmas Yet to Come has visited the RBA deputy, revealing little chance of the global economy plunging into another Depression.
The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.
Firms are struggling to retain workers as activity from mining, infrastructure projects and even the 2032 Brisbane Olympics keeps demand for labour high.
Mortgage-holders should not get their hopes up for near-term relief, says a hawkish Reserve Bank governor as the cash rate was again held at 4.35 per cent.
The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.
The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.
The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.
The Reserve Bank of New Zealand believes the country is in recession, as it moves to cut the official cash rate to 5.25 per cent.
Reserve Bank deputy governor Andrew Hauser says projecting future movements in the economy is inherently uncertain and overconfidence is a red flag.
The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".
The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.
After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.
The RBA's strategy of bringing down inflation gradually to protect the jobs market is a different tactic but it has worked, the central bank's new deputy says.
Expectations for an interest rate cut in 2024 have been given a boost by US consumer prices increasing less than expected in April.
Growing confidence that interest rates are going no higher and cuts may start later this year could improve consumer sentiment and home-buying activity.
Economists are sounding the death knell for the sharpest interest rate tightening cycle since the 1980s after inflation dropped faster than expected.
Borrowers have been spared more cash rate pain at the final Reserve Bank of Australia policy meeting of the year.
Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.
Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.
An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.
Interest rates have been left untouched in September in welcome news for borrowers already feeling the pain of higher monthly repayments.
Inflation is tracking in the right direction and is expected to embolden the Reserve Bank to keep interest rates on hold in September.
Inflation is tracking in the right direction and is expected to embolden the Reserve Bank to keep interest rates on hold in September.
Interest rates will stay unchanged at 4.1 per cent in September after outgoing RBA chief Philip Lowe's final cash rate decision.
The US central bank has raised interest rates by a quarter of a percentage point, saying inflation in the country remains elevated.
The threat of more interest rate increases is weighing heavily on the minds of consumers as high inflation proves hard to dislodge.