‘Hawkish’ RBA open to more hikes after holding rates
Borrowers are on notice with the Reserve Bank signalling it won't shy away from raising interest rates if inflation comes in higher than forecast.
Borrowers are on notice with the Reserve Bank signalling it won't shy away from raising interest rates if inflation comes in higher than forecast.
A Federal Court judge has released almost $40 million in compensation to illegally sacked Qantas workers, criticising the delay from the scheme administrator.
central bank
economy, business and finance
inflation and deflation
interest rate
money and monetary policy
Construction contractors are already hiking prices due to rising fuel costs, in a sign the US-Israeli war in Iran is contributing to economy-wide inflation.
The cost to Australian taxpayers of a contentious GST carve-up will rise by another $6.6 billion in 2026/27, sparking fresh anger from critics of the deal.
Russia has hit Ukraine's energy infrastructure with major missile and drone strikes, Kyiv says, killing at least one person and causing blackouts.
Australia's biggest electric vehicle incentive is under review and both traditional car makers and the EV industry warns change could lead to a crash.
The tax office is planning to clamp down on holiday home tax deductions, as proposed new rules clarify the criteria for which home owners can claim expenses.
The boss of one of Australia's biggest banks has excoriated the debate around net zero, saying power bills could be heavily reduced if renewables are harnessed.
central bank
construction and property
economy, business and finance
inflation and deflation
interest rate
money and monetary policy
The rising cost of new homes and services such as takeaway meals were key to the Reserve Bank's inflation miss in September and could rule out future rate cuts.
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economy, business and finance
inflation and deflation
money and monetary policy
people - social issue
retail
tobacco
Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.
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central bank
construction and property
economy, business and finance
housing and urban planning
interest rate
money and monetary policy
mortgages
Hopes for more rate cuts are fading after the Reserve Bank of Australia took a hawkish turn as it held interest rates steady in a widely-expected move.
central bank
economy, business and finance
housing and urban planning
interest rate
money and monetary policy
mortgages
politics
Australia's budget deficit for last financial year ended up being narrower than expected but younger workers will still be on the hook for a decade of red ink.
The Reserve Bank of Australia's interest rate meeting is set to take top billing as markets expect the board to hand down another cut.
The national tax office has warned Australians to be patient in lodging their tax returns as the financial year comes to an end.
The Reserve Bank is likely to implement a key outstanding recommendation of a review into its operations, bringing it in line with international counterparts.
Australians are feeling the pinch of sky-high chocolate costs this Easter despite falling global cocoa prices, with some finding other ways to get their fix.
Drivers have one month left to claim a tax break on plug-in hybrid electric vehicles, amid calls for Labor to give the fuel-saving cars more support.
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central bank
economy, business and finance
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Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.
The Aussie dollar is edging closer to the psychologically significant 60 US cents barrier and Donald Trump could determine whether it crashes through in 2025.
Three women will headline Victoria's new cabinet in a first for Australia after Jaclyn Symes and Sonya Kilkenny were elevated to treasurer and attorney-general.
How much do you need to save for a comfortable retirement? It’s a big question, and you’ll often hear dire warnings you don’t have enough. But for most Australians, it’s a lot less than you might think.
Australians have been saving what they can as living costs soar but experts expect more spending in the next 12 months, especially when interest rates are cut.
Australia's biggest bank has backed down on a threat to charge some customers to access their own money after a 24-hour pile-on.
Small businesses want an exemption to laws protecting the use of cash for essential items as the treasurer finds a fit for banknotes in a digital economy.
Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.
More suburbs than ever have median house or unit prices of more than $1 million, with economists predicting the number will continue to grow.
banking
construction and property
consumers
economy, business and finance
housing and urban planning
interest rate
money and monetary policy
politics
real estate
unions
The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.
computing and information technology
finance (general)
money and monetary policy
technology (general)
The CrowdStrike outage exposed vulnerabilities in digital payment systems and shows Australia is decades away from a completely cashless society, experts say.
Some of Australia's biggest companies have put their money where their mouth is by stepping in to save cash carrier Armaguard in a $50 million deal.
central bank
economy, business and finance
inflation and deflation
money and monetary policy
politics
The pressure on Australia's economy from higher interest rates justifies the decision not to deliver a "slash and burn" budget, Treasurer Jim Chalmers says.
Lunch is tasty but victory is sweeter for Queensland MP Bob Katter who forced federal parliament's cafe staff to backflip and accept cash.