The stage 3 tax cuts prompted fears they could unleash spending and inflation pressures. But new research suggests Australians are sitting on their windfall.
Treasurer Jim Chalmers says he will use the pre-election budget to continue the inflation fight.
I asked ChatGPT what its chances were of improving productivity in Australia – if it was a betting man. Here’s what it said.
If you’re confused by what’s going on in the economy,spare a thought for the Reserve Bank,which sees uncertainty everywhere it looks.
We shouldn’t allow impatience to get the inflation rate back to target to worsen the risk we’ll end up in a recession.
Facing a parliamentary inquiry,the Reserve Bank governor Michele Bullock said current rate settings were still the most likely to bring inflation down without causing major economic problems.
The central bank has come under attack over the past week. Here’s the thinking behind their latest comments.
Matt Comyn is expecting some relief for households over the next year after a post-pandemic downturn that has depleted household savings to historic lows.
Wages have grown more than inflation for the third quarter in a row as jobs in the public sector posted the highest pay increase for the June quarter in 12 years.
The Reserve Bank has come under fire over interest rate settings,prompting RBA deputy governor Andrew Hauser to caution against economic “false prophets”.
Reserve Bank governor Michele Bullock says the bank must walk a tightrope between taming inflation and preserving jobs,noting regional labour markets have been tighter than those in capital cities.