Greens hold door open to capital gains tax reforms
Support from the Greens could hold the key to opening the door to capital gains tax changes as the government ponders reforms the opposition says it won't back.
Support from the Greens could hold the key to opening the door to capital gains tax changes as the government ponders reforms the opposition says it won't back.
Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.
Two incorrect assumptions have set the Reserve Bank on track for a costly U-turn on interest rates, with borrowers facing steeper repayments on their mortgages.
Mortgage holders could face back-to-back rate hikes after the Reserve Bank raised interest rates amid rising inflation pressures.
Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.
Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.
Upcoming inflation data will be make or break for a Reserve Bank rate hike decision following stronger than expected jobs figures, economists say.
Upcoming data will give the Reserve Bank a better sense of whether higher interest rates are required to take the heat out of Australia's economy.
Mortgage holders have been warned not to expect relief anytime soon with the latest inflation figures unlikely to significantly influence the RBA's thinking.
With the government unlikely to restrain public spending, the Reserve Bank will have to lift rates in 2026 to keep inflation under control, economists say.
Unemployment and jobs growth figures for November tell differing stories about the strength of the labour market, providing little clarity for the Reserve Bank.
The official cash rate is expected to remain on hold when the Reserve Bank decides on interest rates for the last time in 2025.
More rate relief for borrowers has essentially been ruled out by the Reserve Bank governor as the central bank mulls over when to lift rates again.
Australia's economic growth rate came in below market expectations, but a strong domestic pulse shows the economy is in good shape.
The sharpest rise in household spending in 21 months suggests the economy is continuing to grow in strength, heightening Reserve Bank fears about inflation.
Business lending is growing for NAB but so is the level of bad debt from that customer segment, pumping the brakes on profits at the big four bank.
All four major banks predict mortgage holders will have to wait until 2026 for rate relief after a larger-than expected inflation rise.
Borrowers face the possibility of interest rates going up rather than down again after the Reserve Bank held steady following a spike in inflation.
An interest rate cut is back in the running on Melbourne Cup day as surprising unemployment figures offer borrowers hope of a home-loan victory.
Despite predictions a five per cent deposit scheme will drive up house prices, analysts say the government policy could be good news for the nation's renters.
Crucial economic data in coming weeks could determine when mortgage holders can expect more interest rate relief, the Reserve Bank board says.
The odds are lengthening on an interest rate cut on Melbourne Cup Day, as the Reserve Bank adopts a hawkish tone and inflation steps up the pace.
An expanded government scheme to help first-home buyers clear the deposit hurdle could pour more fuel on the red-hot property market, housing experts warn.
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.
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.
House prices could surge and mortgage defaults rise when a government scheme to help first home buyers begins ahead of schedule, experts warn.
The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.
The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.
Economists await key quarterly data that could put the odds firmly in favour of an August interest rate cut, as the Reserve Bank sheds light on its shock hold.
With markets all but assured the Reserve Bank board will cut interest rates at its upcoming meeting, the bigger question for traders is what they say next.
The central bank has defied expectations of an interest rate cut as it keeps its sights on inflation and jobs figures, but relief might not be far away.