At the bank’s annual shareholder meeting,executives highlighted the uptick in customer hardship across the banking industry.
Treasury modelling suggests a sustained 10 per cent increase in the oil price over a year would add about 0.4 of a percentage point to the inflation rate.
The Bank for International Settlements says central banks,including the Reserve Bank of Australia,need to take off their blinkers.
Just how a business justifies a price increase has a huge influence over whether we keep shopping there,research shows.
The “last mile” in Australia’s inflation battle is proving more drawn-out than expected,the IMF has found,raising the possibility of another rate rise.
Recent figures point to the Reserve Bank’s success so far. But there probably needs to be a turning point in the bank’s thinking,and soon,if we’re to avoid a big round of lay-offs.
World-leading research into Donald Trump’s key economic policies shows they would cause huge damage to the US – and Australia wouldn’t escape unscathed.
A key measure of inflation has fallen to its lowest level in almost three years,with prices falling during winter.
The RBA has kept interest rates at 4.35 per cent,saying while inflation will fall,it is unlikely to be “sustainably” low for some time.
“Australians are living through the most protracted period of economic misery since 2011,” says economic think tank CEDA.
The ACCC alleges the lower-for-longer price discounts on everyday products from Coles and Woolworths were psychological bait.