RBA governor warns rate cuts not on near-term agenda
The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".
macro economics
As Canada cuts rates, RBA doves come home to roost
After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.
No budget ‘cash splash’ as inflation still main game
Treasurer Jim Chalmers has managed expectations for cost of living relief ahead of the May budget and played down the possibility of a sizeable second surplus.
WA ranked first, Vic last on economic performance: IPA
A new report has ranked states on their performance across 10 economic indicators, crowning WA as the nation's best performer while Victoria came last.
Coles faces competitive pressure from online retailers
The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.
Economy unlikely to have contracted but growth muted
The Australian economy looks to have narrowly missed a quarter in decline based on economic indicators released ahead of official growth figures.
China growth shows economic recovery gaining traction
Faster growth in China's economy than expected over the third quarter suggests a recent flurry of policy measures is helping to bolster a tentative recovery.
Business pressures ease in promising sign for inflation
The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.
Australian firms report easing cost pressures
The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.
No cyclone tax in ‘no frills’ New Zealand budget
Prime Minister Chris Hipkins, who has promised a "bread and butter" focused government, is pledging a "no frills" New Zealand budget next month.
Demand for urgent change to GST ‘atrocity’ rebuffed
Federal Treasurer Jim Chalmers has rejected a call from his Victorian counterpart to urgently reassess the GST system amid claims it favours Western Australia.
Interest rate rises to delay Vic, NSW surplus returns
Higher borrowing costs would slow budgets returning to surplus in Australia's two most populous states, an independent credit agency has warned.
Victoria is best-performing state: CommSec
Victoria has earned top spot on CommSec's quarterly State of the States report for the first time since its COVID lockdowns but Queensland is coming on strong.
Inflation rise in June quarter: Treasury
A Senate estimates hearing has been told higher global oil prices and supply-chain pressures are contributing to growing inflation.
Careful response to cost of living: PM
Prime Minister Scott Morrison says his government is fully aware of the cost of living pressures Australians are facing and is promising a budget response.
One million Australian homes flood-prone
Data shows one million Australian properties across 30 local government areas are flood-prone, and NSW and Queensland are not the only places at risk.
Tasmania again tops rankings: CommSec
Commonwealth Securities quarterly State of States report has found Tasmania topping the ladder for the eighth consecutive quarter.