Sliding inflation builds hopes of interest rate cut
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.
macro economics
Coalition, Labor miss the mark on $347b spending claim
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.
breaking_news
economic indicator
economy, business and finance
housing and urban planning
inflation and deflation
macro economics
politics
real estate
Underlying inflation up but good news on housing, rents
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.
Ballooning capital works blamed for budget blowout
A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.
economy (general)
economy, business and finance
employment
inflation and deflation
labour
macro economics
politics
Australia’s bullet-proof jobs market put to the test
Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.
central bank
economy, business and finance
inflation and deflation
international economic institution
macro economics
politics (general)
RBA says rate cuts coming soon, IMF warns on inflation
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.
Top bank chief reveals why rates are still on hold
Australia's top central banker reveals why she still hasn't pulled the trigger on interest rate cuts despite similar countries already taking action.
‘Surprise’ budget windfalls drying up, economists warn
Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.
‘No doubt’ inflation is moderating: finance minister
Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.
Slow economic growth set to continue into 2025
While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.
Stage three tax cut spending spree yet to surface
Fans splashed out on footy finals in an otherwise slow month for consumer spending, which is yet to show a bounce from tax cuts that came into effect in July.
Bigger budget surplus not ‘an end in itself’
Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.
Retail sales to show economy continues to sputter along
The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.
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".
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.
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.
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.
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.
construction and property
economic indicator
economy, business and finance
employment
finance (general)
macro economics
population
retail
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.